Mid-day Update… Consolidating its gains.

Rally pauses for another no-bias.

This morning’s bias environment neutralized both the offsetting test of this morning’s 2342.00 bias-down signal and yesterday’s “unfinished business below” at 2342.25. That was done during a plunge from 2347.75 that eventually touched 2336.75.

But no-bias had already triggered. Probing under this morning’s 2342.00 bias-down signal during a no-bias environment is “no-bias trending.” It requires bouncing back up to at least 2342.00, if not also to the 2344.00 10:15 print. Both were tested during the noon hour.

The bounce also attacked this afternoon’s 2345.50 bias-up signal to within 1 tick. No-bias has triggered again. The 2339.75 bias-down signal was attacked into 1:30, but held. Probing under it could still test fresh session lows, once again as “no-bias trending” that would require recovery.

Without there being an objective in-play, and without first testing an extreme, price action through the close may otherwise be less predictable.