Mid-day Update… Holding up.

Firmed during the noon hour.

This morning’s reaction down from attacking 2526.00 got to 2519.25 likely corrective pullback objective. It was being pierced by 1 tick at noon. Reversing back up through the entire noon hour reached 2524.00. The bounce held its ground into the 1:20 bias timing window.

The afternoon’s 2525.25 bias-up signal was barely attacked to within 1 point. This being a no-bias environment, the next hour may only range choppily sideways, or dip back down to the 2517.00 bias-down signal. Retesting this morning’s overbought RSIs at 2525.75 during the no-bias environment could prove too optimistic to be maintained. Especially as sponsorship starts dwindling and Tuesday news events start coming into view.

There’s still a template that would track ending the day in negative territory. But not exiting the noon hour in negative territory has left more paths back to the high, than lower.