Mid-day Update… Hovering.

Ranging at or under this morning’s highs.

The likely objective to this morning’s rally was 2705.75. It was probed by almost 3 points before the morning’s bias environment began lapsing. Fluctuating around 2705.75 into and out of the noon hour broke lower just before the 1:20 bias timing window. The break held a test of the afternoon’s 2702.00 bias-down signal to trigger “late no-bias.”

So, 2702.00 should define this window’s lower-end. And if tested, the 2708.75 bias-up signal should define this window’s upper-end. Until the bias environment begins lapsing, or comes within view of lapsing in a half-hour. The pattern isn’t required to resolve in either direction, and not resolving down under 2681.50 keeps alive higher objectives at 2715.00-2722.00.