Pre-close View… What’s the hold-up?
Choppy sideways ranging still has room below.
A test of this morning’s 2072.00 bias-down signal was put into play and not invalidated. It hasn’t been met, but it was almost detoured when this afternoon’s 2082.75 bias-up triggered.
Price action until then wasn’t accumulative, so I was very dismissive of the signal’s credibility. It triggered anyway, even if only momentarily before being invalidated by retracing back under 2082.75 through 1:30.
Trending down since then has tested 2077.00. Presumably, the final hour would tumble aggressively to fulfill the 2072.00 unfinished business below. Meanwhile, back above 2083.25 would trigger a rally back to overnight highs.
