Mid-day Update… Another hill to climb.

Unfinished business above is added to the higher targets.

Reacting down from 2807.25 down through this morning’s 2802.50 bias-up target had tried to hold support at the 2794.75 bias-up signal. It failed. It had broken 10 points lower by noon, and extended another 10 points lower during the noon hour to 2774.00.

Bouncing to 2788.00 avoided triggering the afternoon’s 2780.75 bias-down signal. It’s being tested now anyway down to 2778.00. Being a no-bias environment, the 2780.75 bias-down signal’s test should define the window’s lower-end. Otherwise, probing under it will require being retraced.

Similarly, this morning’s 2794.75 bias-up signal’s test requires being retraced. Often, the 10:15 print at 2801.00 will be retraced, too. Back above 2784.50 would start to signal the retest underway, confirmed above 2788.50. Until then, the pullback is vulnerable to extending down further.