Mid-day Update… Bounce time, or bottom?

Bouncing into the noon hour lacks isn’t terribly credible.

The 1925.75 objective was attacked to within 1 point at this morning’s lows. That’s 1 tick further away than would qualify as being satisfied.

3-minute RSI was on the cusp of being oversold, and 1-minute RSI was at least a little oversold, so retesting the low can’t be discounted.

An 8-point bounce fell back to almost touch the low, but now a 10-point bounce into the noon hour is touching this afternoon’s 1840.00 bias-up signal. The bias-up target is still well into negative territory. And nothing requires the low to hold a retest.