I think I can, I think I can, I think I can.

Still a tough climb beyond recovering last night”s open.

Was the retest of Tuesday”s range completed? This morning”s 2062.75 low pierced it by 1 tick. That”s basis Sep. Meanwhile, Jun and cash never touched it.

I tend to give buyers a benefit of the doubt, having bounced 15 points since then. The recovery blew through the 2071.00 open, on the way up to 2078.00, testing last night”s 2076.50 open.

Hovering there has narrowed its range into the noon hour, forming an Ascending Triangle. Accumulative, continuing, or not, this is still well into negative territory. Much more work is needed to begin fulfilling the setup discussed during Saturday Review — probing deeply negative territory and recovering well into positive territory.

Triggering this afternoon”s 2080.00 bias-up signal would be a big step in fulfilling that setup. Exiting the noon hour back in positive territory above 2085.00 would be a bigger step. Meanwhile, back under 2072.25 is vulnerable to resuming the decline, at least to retest this morning”s low.