Mid-day Update… Double-no, vs. one up.

How passive can passively bias be?

This morning’s no-bias environment probed fresh highs up to 2496.75 high. Testing this morning’s 2496.00 bias-up signal defined the window’s upper-end. Price action since then has been contained within a narrow 2-point range down to 2494.25. Now the afternoon’s no-bias has triggered.

Friday afternoon’s are more notorious for no action than for suddenly trending when there hasn’t been any. Absent another missile threat, the session’s only remaining potential influence is the passively bullish WedEX. Its only qualification is to recover any dips, and not necessarily to trend up.

Meanwhile, the no-bias environment should be contained within its 2492.25 and 2497.50 bias signals. Until the bias environment begins lapsing at 2:30, or that comes within view 10-15 minutes earlier, which would be free to trend either way.