Mid-day Update… Gathering its thoughts.

Noon hour lows not extending.

Failing to absorb the open’s dip meant trending down through the morning. And probably also the noon hour. The morning bias environment did lapse at fresh session lows around 2447.00. The noon hour probed down to 2442.75. And now the afternoon bias environment is being entered back above 2447.00 up to 2450.00.

Are sellers done for the day? Having held the 2446.00 bias-down signal instead of triggering it, there’s no bias-down target in-play. And this morning’s doubly-renewed 2445.75 bias-down target was already tested. But until today’s series of lower lows and lower highs is reversed, the pattern will remain vulnerable to resuming the decline.

Back above 2452.00 would suggest a bigger bounce is forming. But under 2447.00 could probe fresh session lows, even during the no-bias environment.