Fallen, and keep getting up… or, else.

Open”s surge reverses to fresh lows, now trying to recover.

The open”s surge to the 2081.25 bias-up signal reversed back down to the 2072.50 open. Ranging sideways through the 10:15 bias timing window triggered no-bias. A blip-down then attacked the 2071.25 bias-down signal to within 1 tick.]

Being a no-bias environment, the bias-down signal should have defined the range”s lower-end. I expected that, but I also expected “no-bias trending” — an interim probe under the bias-down signal that would visit 2069.00 and possibly also 2067.00.

[In my previous blog update, I misidentified the bias-down signal. I apologize for any confusion that caused.]

The probe visited both. And the bias environment began lapsing at 11:30 back at the 2071.25 bias-down signal. That has extended up to 2075.00. Any higher would confirm new sponsorship had arrived, presumably to retest or attack this morning”s high.

Otherwise, having repeatedly absorbed sell-offs without yet being rewarded with new relative highs, dipping back under 2070.50 at this stage would likely indicate that buyers have been expended, allowing a new downleg under this week”s lows.