Getting too comfortable.

Hovering complacently at the lows isn”t strength.

This morning”s 2066.00 bias-down target was met along the way down to 2062.75. Sideways ranging since the morning”s bias environment began lapsing at 11:30 has persisted into the afternoon”s bias environment beginning at 1:20. All of which has been centered around 2066.00.

Touching this afternoon”s 2064.00 bias-down signal within 3 minutes of 1:20 invoked the grace period. A blip-down to fresh lows was recovered back to 2064.00 at 1:30, triggering noN-bias.

Not a bias-down targeting 2059.00. Not a no-bias likelier to bounce back up to 2073.00. But a noN-bias with no requirements. These tend to sit rather still for the hour, but that”s no reason to hold a short.

A better reason to at least monitor for a short-entry is that hovering complacently at the low of a downleg is not necessarily a sign of strength. Exiting the bias environment above the noon hour”s 2068.00 high would be the earliest indication of recovery potential.