Pre-close View… Warning shot.

Bias environment’s rally trying to textend.

An offsetting test of this morning’s 2070.75 bias-down signal was put into play by holding a test of the 2080.50 bias-up signal. This morning’s 2074.00 low didn’t satisfy it, so the objective becomes “unfinished business below” and requiring an eventual retest.

Meanwhile, this afternoon’s no-bias environment bounced from its early 2076.25 low up to 2082.75. And then surged to within 1 tick of the 2086.00 overnight high. The test of 2070.75 is going to be delayed.

Stopping pessimistically short of the overnight 2086.00 high is potentially bullish from a contrarian perspective. It suggests that any reaction down is counter-trend, and will be recovered by higher highs. The bigger picture already suggests that probing the overnight high is likely also to probe yesterday’s 2092.50 high.

The reaction down had room to retrace the bias environment range back down to 2080.00 as just a correction. Touching it has reacted up to 2084.00.

Regardless of the potential upside, back under 2081.00 would start to signal the unfinished business below at 2070.75 is back in-play.