Mid-day Update… Flooding the compartment.

Latest attack on yesterday’s lows was not rejected.

If this morning didn’t trend, then this afternoon was unlikely to only range. Much likelier was to produce the trend that the morning could have produced, regardless of direction. Ultimately, the direction would be dependent on yesterday’s lows being compartmentalized.

Not exactly yesterday’s lows, bu the structure at yesterday’s lows.

The overnight dip was recovered at the open to compartmentalize its probe into (and through) yesterday’s lows. A post-open dip was recovered into the 10:15 bias timing window to compartmentalize another probe. Even the morning’s bias environment probed the structure and recovered it before the bias environment began lapsing. Compartmentalized.

The noon hour didn’t get the memo.

Triggering late bias-down under 2054.25 has extended through its 2049.00 bias-down target. Last Friday’s 2045.00 lower prior highs is being probed by more than 1 point. Room for noise below it is 2042.00.

Exiting the bias environment back above 2047.00 would start signaling the downside momentum was lapsing, confirmed back above 2052.00. Back above 2056.00 would be pretty bullish, especially if maintained through the close. Exiting the bias environment under 2042.00 could meltdown into the weekend, which had been the less likely bearish scenario.