Holiday drift.

Renewed bias-up gives up its ground.

Exiting the 10:15 bias timing window above the 2060.25 bias-up target renewed the bias-up signal. The renewed bias-up target at 2068.75-2070.50 is not a requirement if not met before the bias environment begins lapsing at 11:30. And now it”s not even in-play after entering the noon hour under the 2060.25 bias-up target.

The 2057.50-2058.50 pullback limit had produced bounces back to 2060.25. But it wasn”t recovered, and the noon hour”s entry is dipping to 2053.50. The next lower support under 2054.50 is 2050.50.

Sponsorship for trending is difficult to attract on the afternoon before a three-day weekend. It”s also difficult to attract sponsorship to stop trending if it were to resume. Either this is the range”s lower-end at 2054.50, if not 2050.50, or else a deeper slide back to and through the 2044.00 overnight low becomes possible.