Mid-day Update… Early to bed, early to rise.

Downside target met already, again.

Holding a test of the morning’s 2738.50 bias-up signal, despite having traded to 2744.00, all rejected as price collapsed back down to overnight lows. Then all recovered, and more.

This morning’s low reversed up sharply from within 2 ticks and 2 minutes of fulfilling its 2720.00 objective. The open’s 2744.00 high was retraced within a half-hour. Fresh highs attacking 2756.00 within the next 20 minutes.

Is a similar setup developing? This afternoon’s low touched its 2727.75 bias-down target. Bias-down did trigger cleanly, but a reversal is already being attempted up to 2740.50. Anything above the 2735.50 bias-down signal is “no-bias trending” that requires being retraced.

Extending higher could find sellers are done, and with no attractions outstanding below. Otherwise, back under 2731.50 would start to signal the bounce had failed, and once again open the door to another downleg.