Mid-day Update… Over, and also out.

REMINDER: I’M AWAY THIS AFTERNOON. SCROLL DOWN FOR DETAILS.

Breaking under this morning’s 2164.50 bias-down signal AFTER the 10:30 was too late to trigger. And it was too early to be “no-bias trending” But it did invalidate the no-bias. And for good reason, as a plunge probed fresh lows — including last Friday’s low — down to 2154.75, neutralizing yesterday’s “unfinished business below” at 2156.50.

A credible extended decline needed to be underway through yesterday’s close, or else already probing lower at this morning’s open. Neither being the case did not preclude attempting it, only succeeding at it.

The attempt has been recovered up to 2168.00. This afternoon’s 2164.50 bias-up signal triggered, and its 2170.75 target is in-play. It could be probed as noise up to 2174.25, which is the most I’m expecting. Between the momentum following this morning’s slingshot, and the anxiousness ahead of tomorrow’s Employment Situation report — and three days of illiquidity fast approaching — strong-handed sponsorship isn’t likely to appear.

Meanwhile, I’ll be away from screens this afternoon from 2:00 pm ET. There will be no further blog update after Daily Spot, and no post-market Wrap or recording. I’ll update the blog again later tonight… Tomorrow morning will operate as normal, and then I’ll be gone through the afternoon.