Mid-day Update… Frequency matters.

So many sizable swings in a singular pattern.

This morning’s late bias-up signal eventually produced a fresh high after 10:30. This makes its 2073.00 target very difficult to avoid testing.

Meanwhile, the swings within this morning’s range were not impressive for their size so much as their frequency. So many sizable swings without breaking the range is very unusual. There is no shortage of opinion, and it is widely varied.

Perhaps if the swings weren’t responding to the singular pattern’s calculable inflection points. Then, the ongoing indecision could be dismissed as a market trying to establish a resolution. But gapping up from Friday’s range had done that already, along with triggering bias-up.

Regardless, this afternoon’s 2068.00 bias-up signal is now triggering. Firming into the noon hour’s exit has surged to test 2071.25. Finally exploiting the setup doesn’t improve its productivity. So extending the recovery depends on exceeding 2073.00 through a relevant window.