Mid-day Update… Fallen, and had better get up.

Consolidating under key support.

Having held a test of this morning’s 2781.50 bias-up signal, and offsetting test of its 2766.00 bias-down signal was put into play. It was attacked and tested and eventually probed before the bias environment began lapsing. But it needed to define the window’s lower-end, which was done barely in time to neutralize its attraction.

Then the bias environment exit plunged to 2752.00. Ranging choppily through the noon hour just triggered noN-bias, instead of either triggering or rejecting the afternoon’s 2753.00 bias-down signal. There’s no requirement to extend down, or for the window’s low to be defined.

Meanwhile, the noon hour’s choppy range included resistance at 2758.00. Closing under it would negate any upside put into play by having closed above 2770.00. Holding 2758.00 must then recover 2770.00 with little if any delay to be credible.