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Mid-day Update… The attractions below. – If, Then… Market Timing

Mid-day Update… The attractions below.

Only one attraction above, but plenty below.

This morning’s bias environment did not probe the opening range’s high, but it probed the opening range’s low. And now the noon hour has probed the bias environment’s low. If the gap up were capable of forming a “session-long rally” setup, then it has inverted into a session-long decline. So, either this afternoon’s bias environment or the final 60-90 minutes is likely to probe lower, too.

A test of this morning’s 2199.75 bias-down signal was put into play for ultimately holding a test of the 2207.75 bias-up signal. It has become “unfinished business below.”

An offsetting test of the 2192.75 bias-down target was not triggered, but only because the 2213.25 bias-up target was missed by a single tick post-open. It had been probed pre-open.

Even threatening 2192.75 would suggest that 2187.50 will be retested, too.

Meanwhile, the open’s gap up above prior highs was maintained through the opening 15 minutes of volatility. It created an anchor that suggests the 2211.25 opening print will be retested, regardless of the interim dip.

The only other unfinished business above continues to be the 2220.00 objective put into play by recovering 2192.00 last week.If somehow tested prior to neutralizing attractions below, it would be vulnerable to reversing down sharply, as has been the case with each other attraction above.