The end is near?

Ratcheting is now trending.

Trending has been relegated recently to between timing windows. This tactic has allowed sellers to gain ground while preserving much of their energy.

So, it”s interesting that the noon hour”s timing window has actually trended. And that trending has met a relevant test at 2081.25. So, the energy preservation tactic is being abandoned, just as selling pressure is being fulfilled.

Also, RSIs are diverging positively during the 2081.25 test,= down to 2080.50.

However…

This afternoon”s 2083.50 bias-down signal did just trigger. Its 2078.75 bias-down target is now in-play. Recovering 2083.50 through 1:30 would invalidate the signal. So would recovering 2083.50 through 1:30, if there were no interim fresh low.

In any case, back above 2083.50 would start to suggest momentum is reversing up. But that momentum meanwhile remains pointed down.