Mid-day Update… Getting closer.

Shallow pullback’s expiration approaching.

Today’s likelihood for a shallow pullback has been validated, so far. There’s still room for a slightly lower intraday low down to 2080.50, but it’s not necessary. This afternoon’s 2084.25 bias-down signal was attacked to within 3 ticks before triggering no-bias.

No-bias makes price action likely to be contained between its bias signals. Trending beyond either signal is unlikely. But “trending” from one signal to the other is possible. It may even be likely — especially if the shallow pullback intends to resolve today.

I would prefer buying another attack on session lows, if that opportunity presents itself. Otherwise, firming back toward session highs would become well-positioned to break higher when the bias environment begins lapsing less than an hour from now.

Breaking under 2084.25 would extend the delay into a detour, probably targeting 10 points lower. Ultimately, that would still likely be bullish, stretching the rubber band to snap back up into the three-day weekend.