Mid-day Update… Holding up.

Morning rally not rejected.

This morning’s 2836.75 bias-down signal was still being tested at both 10:15 and 10:30 to trigger noN-bias. This often behaves like a no-bias without any objective in-play. This morning’s behaved as if the bias-down signal did hold its test cleanly, and rallied to within 1 tick of its 2848.50 bias-up signal.

A dip into the noon hour to 2842.25 is being probed by another point now, after already triggering no-bias for this afternoon. If also tested, the 2840.00 bias-down signal should define the window’s lower-end.

Back above 2844.25 would start to signal momentum reversing up. Similar to the bias-down signal’s constraint that I just described, there’s room up to the 2850.50 bias-up signal until the no-bias environment starts lapsing. The afternoon’s bullish WedEX can work with that.