Mid-day Update… Dragged down, and up.

Bias exit’s drop neither extended nor recovered.

This morning’s 2337.75 bias-down signal held its test easily through 10:15. That put into play an offsetting test of the 2347.25 bias-up target — essentially last night’s high. Meanwhile, the gap back to yesterday’s 2345.00 close had been filled to within 2-3 ticks. Its natural resistance had already triggered a reaction down.

The reaction down extended. The 2337.75 bias-down signal was tested as support into 10:30 to avoid invalidating the 10:15 bias signal. The last opportunity to invalidate the morning’s bias signal would be to enter the noon hour under its bias-down target. Plunging out of the morning’s bias environment exit tried to do exactly that.

The plunge attacked 2330.00 at noon, but was still overlapping the 2332.50 bias-down target. Still not enough to invalidate the morning’s bias. Another higher offset is now outstanding at 2347.25.

Regardless of the new “unfinished business above,” exiting the noon hour back above 2337.75 would have reversed momentum up. That didn’t happen. It’s being touched only now, along with the resistance of this afternoon’s 2337.00 bias-up signal.

Probing 2337.00-2337.75 during the next half-hour would be “no-bias trending” and doomed to failure. Delaying its probe until the bias environment would still be credible for extending higher into the close — preferably also recovering the morning’s 2341.00 last relative high into the final hour.

Otherwise, exiting the bias environment in decline would resume the earlier slide, and extend it down sharply to 2321.00 and lower.