Pre-close view… Weaker-handed bounce?

Yesterday”s drop retraced entirely. Better not stop here.

Delaying the recovery from 2095.00”s open is more significant than not repeating the pre-open probe under it. While that did not probe lower post-open — let alone retest the pre-open low — the base is suspect.

That didn”t prevent probing 3 points above the bias-up signal to 2104.75, despite being a no-bias environment. But that was the most cohesive any sponsorship has been all day.

Being no-bias trending, the 2101.50 bias-up signal should be retested as support (update: it just was). Often, the actual 1:20 print — which was 2100.00 — will be retested, too. 

Not holding 2100.00, if tested, could start to trigger a slide that fulfills potential to 2093.50 if not also 2088.00. Regardless of another dip, the complete recovery today has proved that yesterday”s late sellers were weak-handed.