Mid-day Update… Back on-track for highs?

Fresh lows probed too late to gain traction.

This morning’s 2453.25 bias-down signal was pierced, probed and poked all the way down to 2450.00 through the open. But it held through 10:15 and 10:30 to trigger no-bias. An offsetting test of the 2459.75 bias-up signal is in-play.

It almost wasn’t. Exiting the bias environment at 11:30 under its bias-down target would have invalidated whatever had been triggered at 10:15. In fact, back under 2451.75 signaled a move underway likely targeting the 2448.25 bias-down target. Its test held, and the “no-bias trending” was recovered up to unchanged at 2456.50.

This afternoon’s no-bias environment has room up to its 2458.25 bias-up signal before becoming no-bias trending, too. Breaking out to the “unfinished business above” at 2459.75 and probably higher can begin when the bias environment is lapsing at 2:30. Otherwise, back under 2452.25 would start to signal another downleg underway targeting 2440.00.