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Mid-day Update… Clawing at the walls. – If, Then… Market Timing

Mid-day Update… Clawing at the walls.

Trying to escape the trend’s lower lows.

The noon hour’s bounce from 2055.00 to 2066.00 couldn’t maintain its probe above this afternoon’s 2062.00 bias-up signal. In the morning, this setup would have put into play an offsetting test of the 2056.50 bias-down signal.

The afternoon doesn’t require it. The no-bias environment still has room down to 2056.50. But price only continues hovering under 2062.00.

Back above 2063.75 would suggest another fresh session high underway, regardless of it originating during a no-bias environment. Meanwhile, fresh session lows remain likely.