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Mid-day Update… Holds not barred. – If, Then… Market Timing

Mid-day Update… Holds not barred.

Attacking overnight lows has so far held as support.

The noon hour extended down and eventually touched 2131.00 in approaching the bias environment. The 2133.75 bias-down signal didn’t trigger — it was touched within 3 minutes of 1:20 to invoke the grace period through 1:30,k which was still touching it. So, there is no constraint to this afternoon’s range.

None of which removes the unfinished business below at 2128.25, which was put into play as this morning’s bias objective. But it can be left outstanding. And recovering 2136.50 (being tested now) could resume the overnight rally that had tried extending post-open.

Back under 2133.00 would resume the decline, and the 2128.25 attraction below. The afternoon is otherwise vulnerable to gravitating back up to the 2142.00 area, where resistance is largely chipped away, and vulnerable to being probed.