Mid-day Update… The excitement of new highs (yawn).

Another narrow range.

This morning’s post-open drop to 2175.00 reacted up to 2178.25 during the bias environment. And that has reacted back down to 2175.00.

Not still trending away from the open helps to confirm it being an anchor. Having maintained the gap up above prior highs through the opening 15 minutes, any counter-trend action is likely only temporary.

Meanwhile, still not recovering also helps to confirm there is “unfinished business below.” The offsetting test of this morning’s 2171.00 bias-down signal remains outstanding.

Unfortunately, being stuck all this time between a rock and a hard place doesn’t make the first break’s direction any likelier. Or its ultimate reversal. The afternoon bias environment will soon come within view of lapsing, and might finally resolve the standoff.