Pre-close View… Warning shot.
Afternoon plunge trying to bottom at the right place and time.
This morning’s 2082.50 unfinished business below was probed down to 2078.25. Its reaction has climbed steadily up to 2083.50.
A little too steadily.
Not already inflecting up suggests a corrective dip likely to test 2080.50-2081.25. And then back above 2082.50 could extend back up to this afternoon’s 2088.00 bias-down signal, whose retest is required.
Not holding 2080.50 could simply trend down into the close. And out of it, too. Remember that if the market intends a corrective drop before Thanksgiving, then it should be developed largely by tomorrow afternoon.
