Mid-day Update… Hovering.

Probing back into yesterday morning’s range.

The choppy open’s ranging under 2060.25 and its “dry cleaners morning” setup didn’t change how much room was allowed simply to fluctuate. The 2164.50 overnight high could be probed by 1 point before even touching the morning’s bias-up signal.

In fact, the no-bias environment attacked the overnight high to within 2-3 ticks. The noon hour extended up to 2167.25.

That’s within 1 tick of this afternoon’s bias-up signal. And a narrow range hasn’t been able to break higher for the past hour. Now it’s too late to trigger. Probing above it would be “no-bias trending,” likely to react back down into the bias range to 2165.00. Any lower would target 2165.50.

Breaking above 2168.00 could extend to probe Wednesday’s high up to 2171.25. Or higher, while still being vulnerable to reversing back down sharply before the close.