Resuming the plunge Monday afternoon

Resuming the plunge Monday afternoon became less and less likely as each timing window lapsed. The bias environment exit was within the noon hour”s range and the final hour”s entry was within the bias environment”s range. Fresh lows were finally probed, but not until the ~15 minutes between ending the 3:10-3:20 timing window and beginning the 3:37-3:52 position-squaring window. That”s not a sponsored move.

The unsponsored fresh low only touched the morning”s 2056.50 low, obligatory support. The obligatory bounce recovered 2060 into the cash session close, encouraged by 1-minute RSI diverging positively, the last-minute bounce surged to 2064.50.

Last-minute is the least relevant timing window, and now its oversold condition has been neutralized. Gapping up Tuesday is still possible, back above 2073-2077 to form a temporary Island. Otherwise, 2051.25 down to 2048.25 is next in-play.

More details and other markets coverage were discussed during the post-market Tour here:
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