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Mid-day Update… Been here, held that. – If, Then… Market Timing

Mid-day Update… Been here, held that.

Retesting a prior high.

This morning’s no-bias signal triggered after a relatively narrow opening range. Breaking higher during the no-bias environment held tests of the 2437.50 bias-up signal, as it should.

2437.50  has held through the noon hour and now into the afternoon bias environment, too. It’s also testing 2438.00, which has been relevant resistance. It was Monday’s post-close blip-up. And its retest defined yesterday’s pre-open high.

Now 2438.00 has defined this morning’s high, and it’s still being tested.

It could be probed up to 2441.75. But back under 2436.00 would start to signal this morning’s bounce — and the noon hour’s firming — have attracted stronger sellers to probe under yesterday’s 2428.00 low.