Mid-day Update… Hanging in there, just don’t breathe.

Morning chop now followed by afternoon chop.

This morning’s post-open surge had formed a Running Correction between 2633-2651. Entering the noon hour beyond either end would have been likely to trend in that direction. Trending would be possible, but not from that signal.

The noon hour was entered 1 point above the pattern’s lower-end. And despite probing above its upper-end during the noon hour, now the afternoon bias environment is being entered back at the pattern’s lower-end.

Meanwhile, this afternoon’s bias-up signal failed to trigger, and wasn’t rejected (noN-bias) after the noon hour had met its target. Another break lower would still have potential to probe fresh post-open lows, if not also under the overnight lows. Back above 2660.00 would start to signal a rally into the close is underway.