Mid-day Update… It got worse.

Back to testing an overly-tested support.

The next lower objective for this morning’s renewed bias-down signal was 2726.00-2727.00. It was met easily soon after the bias timing window triggered at 10:15. And it was being tested as resistance as the bias environment began lapsing at 11:30. That’s not counter-trend sponsorship timing.

The next lower objectives at 2711.50 and 2706.00 were tested during the noon hour, and as the noon hour was lapsing. The actual afternoon bias-down signal is 2707.00, and it was being attacked by a bounce into the 1:20 bias timing window. Also not counter-trend sponsorship timing.

The renewed bias-down target is 2701.50. There’s no bullish reason to revisit 2701.50, unless its test can be isolated. Like to the cusp between timing windows, which it was.

Now its reaction is testing 2710.00. Back under 2705.00 would suggest the drop is resuming, next targeting the 2690.00 area. The alternative doesn’t necessarily rally, but could seem like a rally simply by bouncing 20 points to the prior objective.