Pre-close view

The rally gains traction.

Being a no-bias environment still allowed room to the 2070.25 bias-up signal. A buy signal that triggered at 2066.00 got there, and then extended higher into the final hour to 2073.50

That”s the minimum objective for this signal, with potential also to 2074.75.

The rally gained traction by exiting the bias environment at 2:30 above the noon hour”s high, and then entering the final hour above the bias environment”s high. Traction isn”t a timing signal — it doesn”t immunize the balance of the session from dipping. But it does suggest that a reaction down would be recovered.

Simultaneously overbought 1-minute and 3-minute RSIs suggest the same. The rally is entrenched, if a reaction down must recover.

Often, entrenched trending will take advantage of that safety to retrace. This entrenched rally is also vulnerable to a retracement, now being 7-1/2 points above the 2066.00 buy signal, testing its 2073.50 target, and having oversold RSIs.

But that”s not a sell signal, and a fresh high at 2074.75 remains possible. Not reversing down from there could be squeezed sharply higher through the close.