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Pre-close View… Upside target met. – If, Then… Market Timing

Pre-close View… Upside target met.

Is there an opening for sellers?

Probing under support when it was too late to gain traction didn’t earn a reward. It deserved a punishment. Typically that’s a return to the support’s origin.

This morning’s probing under 2063.50 was recovered, and reversed back up to the drop’s 2071.50 origin. That was the post-open high. The 2074.50 pre-open high was attacked to within 1 point.

Another opportunity to reverse down today all but requires sliding back under 2065.00-2066.00 now. There’s no requirement to rally any higher today — just closing above 2055.00 puts into play 2088.00 — but not sliding would be vulnerable to ticking higher into the close.