Mid-day Update… Another holiday?

Narrow, dull ranging.

This morning’s recovery up to 2267.25 had failed to trigger the 2266.00 bias-up signal. Any higher any later (or earlier, since the signal triggered late) would have extended through Friday’s highs.

The 2260.75 bias-down target was tested already, so it didn’t require a retest. And it didn’t t become unfinished business below. But the noon hour didn’t exploit that with a rally, and only ranged narrowly.

That ranging has only narrowed. Now the afternoon bias environment triggered no-bias, too. Which keeps alive the potential for probing fresh post-open lows, anyway.

Fresh lows aren’t required. Neither is a rally. Apparently, a pulse isn’t required, either. The narrow range does suggest the first trending attempt will be a false break, likely to then reverse more substantially in the opposite direction. In any case, not a great trading environment until this range is broken.