Mid-day Update… Cleaning out sellers.

Was the intraday slide just rejected?

The noon hour tested both this afternoon’s 2826.00 bias-down signal and its 2820.50 bias-down target. A very late surge invoked the grace period, which then recovered enough to trigger no-bias. So, an offsetting test of both bias-up parameters is in-play.

And that’s after this morning’s rally attacking 2844.00. Its bias-up triggered cleanly, probing the pre-10:15 high, which usually confirms the current trending intends to fulfill its target. Usually. Breaking under its 2840.75 bias-up signal is like no-bias trending that requires being retraced, along with the 2847.75 bias-up target that became “unfinished business above.”

Meanwhile, the optimal open for an Isolation setup has been followed by the most sub-optimal price action possible, without yet invalidating it. Isolating the probe under Friday afternoon’s 2826.00 low to the noon hour is keeping alive the setup, but no rallying further this afternoon would all but kill it.