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Sucking fuel from the fire. – If, Then… Market Timing

Sucking fuel from the fire.

Probing fresh lows.

This morning”s bias environment continued sinking, attacking 2111.00. That level happened also to be this afternoon”s bias-down signal. The noon hour”s exit probed under it to 2109.00. And triggered it. Its 2105.50 bias-down target is in-play.

Meanwhile, this is all no-bias trending under this morning”s 2117.50 bias-down signal. That didn”t trigger, so it should be retested.

None of which is unexpected. Not that the decline need extend down relentlessly or substantially. Only that any credible upleg beyond a temporary bounce probably won”t develop much before the final hour.

Exiting the bias environment above its 2111.00without yet printing a fresh low under 2109.00 would make a recovery more credible. A bounce might not develop today at all, and lower attractions remain outstanding at 2105.50 down to 2103.00.