Mid-day Update… Holding the lows.

Just can’t break back above the drop’s target.

This morning’s post-open drop eventually touched 2832.00. Its recovery into the bias environment exit fully tested 2841.00-2843.00… as resistance.

2841.00-2843.00 had been the downside objective created by Wednesday-Thursday’s delays. But now it is resistance. Already probing back above it this morning would have turned it back into support, supporting an afternoon of backing-and-filling that could resolve up. Too late for that.

Now this afternoon’s 2835.50 bias-down signal has barely held to trigger “late no-bias.” It should define the window’s lower-end. Hovering here until the window lapses would be vulnerable to breaking lower into the weekend. This being a Friday, breaking lower prematurely — i.e. no-bias trending — could extend down anyway.

In fact, fresh afternoon lows are testing 2833.00. Which could extend deeper. Recovering the no-bias trending is always the likelier resolution, but Fridays are the least reliable.