Mid-day Update… Choppy range.

Flat-to-higher choppiness.

the offsetting tests of this morning’s bias-down signals had put into play at least an offsetting test of 2663.00. It has been attacked to within 2 points, which is too wide to fulfill the objective, so its test remains outstanding.

The noon hour contained the high, probing 5-6 points into positive territory. Reacting down into the bias timing window to 2646.00 recovered the afternoon’s 2650.00 bias timing window in time to avoid triggering it. It’s being probed again now down to 2646.00, and now it’s also too late to invalidate the no-bias signal.

So, probing lower is possible, but it would be no-bias trending that requires being retraced. Its probe would have potential to 2645.25 and 2642.50. Trending is already unlikely while Zuckerberg is testifying to Congress. More so when FOMC Minutes is due at the top of the hour.