Pre-close view… Uh-oh, optimism is alive.

Attack on overnight low is reacting up sharply.

This afternoon”s 2066.50 bias-down signal”s 2060.25 bias-down target was attacked to within 1 tick when price dumped another 2 points in a single minute. That was proof the drop was extending down. Being within 10-15 minutes of the bias environment lapsing made it likelier.

The drop did extend, down to 2054.75. That”s within 3 minutes of the overnight low, essentially fulfilling the objective of the impatient post-open rally attempt that had quickly met its 2082.25 target.

A steep 7-point reaction up to 2061.75 confirms this is a relevant support area. But the steep surge reflects an impatience that prevents this relevant support from holding.

It might not even define this afternoon”s low. The 7-point bounce has dipped back down to 2058.75 whose break would target fresh lows at 2049.50. And that could not only delay a bottom, but also accelerate selling pressure to get in front of the July 4 3-day weekend.