Mid-day Update… Backing and filling.

Still probing fresh session lows.

The morning’s attack on 1912.00 had originated during a no-bias environment. That’s “no-bias trending” which requires bouncing to at least test its 1916.50 bias-down signal. In fact, the bounce tested the 10:15 print at 1922.00.

Now a break lower has probed a fresh low at 1911.50. Oversold RSIs there suggest its reaction will fail — at least to retest 1911.50, and perhaps extending the decline to 1909.00 or even to 1898.00.

Back above 1916.50 would suggest a bigger bounce underway anyway. But otherwise today remains most vulnerable to backing-and-filling.