Mid-day Update… Inversion, indeed.
Session-long decline inverts and then some.
This morning’s bias environment began lapsing above the “session-long decline” signal, and held up into noon. This is without the morning’s bias environment having probed a fresh low. Consequently, the session-long decline inverted.
Each remaining timing window with one exception should probe above its prior timing window’s high.
The noon hour’s 1905.00 entry took that to heart and rallied 15 points. Its exit extended 6 points higher to 1926.50. That raises the bar on subsequent timing windows. In fact, the current afternoon bias environment has dipped to 1917.00.
Only one timing window remains, so it should probe above the bias environment’s 1924.50 high (notice that’s not a new session high, just above its prior timing window’s high). Nothing in particular must happen after that.
The bias environment hasn’t yet lapsed, and may yet probe a fresh high. If so, then the last timing window would have no requirement — and it would be free to decline.
