Mid-day Update… Inhibition.

Bouncing back into resistance.

Recovering from this morning’s 2628.50 low extended to 2643.50 as the noon hour began. Its reaction down was contained to 2637.50. When this afternoon’s trending mattered most, price action was fluctuating around yesterday’s close / today’s open of 2642.75. And testing this afternoon’s 2640.75 bias-up signal at both 1:20 and 1:30 has triggered noN-bias.

Not a bias-up targeting this morning’s highs, but no requirement not to try. And nothing preventing another downdraft.

Back above 2642.50 would start to signal a rally attempt underway. Back under 2632.50 would instead signal another downdraft underway targeting a retest of the low’s oversold RSIs. If extended to 2625.00, then collapsing through an air pocket below would be likely. Meanwhile, post-close earnings due from AAPL may inhibit attempts at either.