Mid-day Update… An anxious calm.

Still stuck in negative territory.

[PROGRAMMING NOTE #1: I haven’t heard of a single issue with Adobe’s chaRTroom update. Please let me know otherwise.]

[PROGRAMMING NOTE #2: There’s a chance of my being absent Monday. I’ll know for certain before tomorrow’s Saturday Review.]

The open didn’t trend down. It’s initial spike down to 2456.75 was recovered entirely back up to the 2459.25 open, which is also this morning’s bias-down signal. Holding its test had put into play an offsetting test of its 2466.00 bias-up signal, which was attacked to within 1 point at 2465.00.

Coming within 1 tick of coming within 3 ticks of the objective usually wouldn’t neutralize it. More so, overbought RSIs there require its eventual retest. This afternoon’s no-bias environment would be a good opportunity to accomplish that.

But remember than not trending down in the morning would be likely then only to tread water while being vulnerable to an afternoon collapse. That “unfinished business above” won’t be a deal killer if the bias environment is exited under a relevant level — like under 2459.25 — which could unleash the vulnerability to collapsing into the weekend.