Ticking higher from the no-bias range.

[pay]The session’s last hour is being entered with an attack on this morning’s highs (not the pre-open highs). Optimism carried the market to these levels. It can carry the market higher if not put down before the close.

A positive reaction to INTC earnings after the close could be a “new Globex trend extreme” that requires being retested intraday. I have no opinion whether the reaction will be positive. But I would be surprised if a negative reaction from up here around 902’00 wasn’t quickly absorbed and retraced back to 904’00 pre-open highs.

The only way to confidently reverse the trend down tomorrow before Wednesday’s open is to sell-off before today’s close. Then, post-close gains can be absorbed without the chart achieving anything not already achieved.

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