Going to be here for awhile?

Resting on the laurels of a complete recovery?

Yesterday”s knee-jerk reaction to the Ebola headline was retraced substantially by noon. It was retraced entirely during the noon hour. Knee-jerk reactions to headlines always are.

Now what.

Only 1-minute RSI is overbought at today”s high, so it doesn”t require a retest. And today”s higher high already neutralized the attraction to overbought RSIs at yesterday”s high. 

Meanwhile, this is Friday afternoon. The bias environment is now beginning to lapse, under the noon hour”s high. Higher would have marginalized sellers for the day. This could otherwise be the range”s upper-end, with no requirement to search out the lower-end instead of just drifting aimlessly.

Wherever that might be.

Entering the final hour at fresh session highs might not be too late to trigger a short-squeeze into the weekend. Otherwise, the balance of the session will be tricky.