Pre-close View… War of a traction.
Sellers could still gain traction.
The bias environment’s low fulfilled this afternoon’s 2082.75 bias-down target, which was pierced by 2 ticks. Its reaction up probed back above the bias environment’s 2085.25 low by 2 points, which prevented sellers from gaining traction.
So far. The door is open to a short-squeeze. Signaling a squeeze required entering the final hour above a prior high, not just probing above a higher prior low.
Back under 2084.00 quickly could trend down to fresh session lows through the 3:10-3:20 timing window. And that would do by proxy what the final hour entry avoided. Sellers would gain traction, and tomorrow morning would likely trend down further.
There is no unfinished business below, so the only reason not to rally is because a deeper downleg is underway.
