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Mid-day Update… Crouching ahead of tomorrow’s news. – If, Then… Market Timing

Mid-day Update… Crouching ahead of tomorrow’s news.

Waiting for a bias.

This morning’s probe under the 2358.00 bias-down target came too late to renew the bias-down signal. It was probed anyway, but several minutes earlier would have essentially targeted a complete retracement back down to last Thursday’s 2351.00 low

The probe under 2358.00 was actually a steep drop, and it extended down  to touch 2355.00. That was the minimum qualifying retest of the structure at Thursday’s low. Its reaction up attacked 2364.00, retracing the open’s sell signal.

And it peaked at noon. A sudden plunge probed 2358.00, which the noon hour’s exit recovered up to 2361.00. But that’s short of triggering the afternoon bias-up. Back under 2358.00 would suggest 2351.00 is in-play anyway.; Back above 2364.00 would confirm the pullback had ended.