Pre-close View… Wasting time.

Drop recovered, but not reversed.

A lot of energy went into this morning’s sell-off. It had held 2011.00 before reversing down 28 points to test the lowest calculable objective at 1983.50 into the noon hour. The noon hour’s bounce retraced almost all of it to attack 2010.00.

There has been no improvement since then. And not much deterioration.

The afternoon bias environment was likely to range sideways choppily, and it did. Because it did, there’s no new pattern requiring new trending, or retracing any deeper.

The stability may seem like strength. But stability is only delay. Leveraging the stability to close above a relevant prior high would reflect strength. That relevant prior high continues to be from Friday afternoon at 2015.25. And it continues to hold.

Unless another rally were to begin momentarily, no hold-long will be considered, and there is still vulnerability to drifting down into the close.