Friday Factors finding their way in.

This morning”s recovery attacked 2100.00, well above the 2098.50 bias-down signal. That was after 10:15, when 2098.50 had been recovered already to avoid triggering. Its consequence — putting into play tests of both bias-up parameters — was confirmed by probing higher after 10:15.

So, reacting down to 2088.25 hasn”t changed whether this morning”s 2104.25 bias-up target is “unfinished business above.” That unfinished business above helped to avoid triggering this afternoon”s 2087.75 bias-down signal. Its attack reacted up to 2094.50.

Friday Factors also helped avoid breaking lower. Regardless of this morning”s frenzy, the weekend now approaches and participation is evaporating. Trending is difficult to generate without sponsorship.

Trending is difficult to stop without sponsorship, too. So, don”t be dismissive of downtrending, which can still extend to retest this morning”s oversold RSIs and down to 2081.25. Otherwise, the balance of the session can gravitate back up toward 2104.25.