Mid-day Update… Gobbled up.

Mid-morning slide recovers.

This morning’s reaction down from 1898.00 came after the bias timing window’s 10:15 signal. The timing suggested that its sponsorship was weak-handed, and therefore unlikely to reverse the trend down.

The reaction was a little deeper than I had anticipated, attacking 1883.00. But its potential back up to 1998.00 is now fulfilled. Bias-up was triggered along the way. Its target is fulfilled, too.

There’s no requirement to trend any higher, especially so long as 1898.00 is holding its retest. That could be a probe above this morning’s 1900.25 high that exits the bias environment back under 1898.00.

Neither is there any requirement to trend back down. Exiting the bias environment back under 1895.50 would at least suggest the bias environment had fulfilled buyers.