Mid-day Update… Fork in the road.

REMINDER: I will be away from the screens on the afternoons of both Thursday and Friday, this week and next, Thank you for allowing me to be of personal assistance in a family matter.

This morning’s 2177.00 bias-down target became “unfinished business below” that will require being tested intraday. Not necessarily today. Reacting up 5 points from 2178.25 through the noon hour has dipped back down to 2180.50.

This being a no-bias environment, its 2177.00-2185.75 bias signals should try to contain trending if tested. Meanwhile, either signal can be tested, which would be triggered back under 2180.50 or back above 2182.25.

Trending after the bias environment lapses should either reject this morning’s drop, or else extend it. Bouncing into the close wouldn’t necessarily prevent another drop tomorrow. But dropping into the close would be likely to extend.