Mid-day Update… That which doesn’t kill it?

Bias-down target held as support.

We can’t control the timing of headlines. Or of rumors. Or of whatever it was that triggered this morning’s late break under the 2081.75 bias-down signal — let alone the opening rally’s rejection from 2089.00.

The 2081.75 bias-down signal had held already through 10:15 to put into play an offsetting test of this morning’s 2092.00 bias-up signal. The 2081.75 bias-down signal had held already through 10:30 to avoid invalidating what was signaled at 10:15.

That didn’t prevent its break soon after. But if that break were sponsored by strong hands, then it should have been underway already. Alternatively, strong hands would extend that break through the 2075.50 bias-down target through 11:30.

2075.50 was tested, and the test held. So, that wasn’t strong hands sponsoring the morning’s drop to it. The 2092.00 objective now becomes “unfinished business above.” We still can’t control the path there, since oversold RSIs at the low require its retest. But extending down to 2067.00 won’t be done by strong hands, requiring its eventual recovery.