Mid-day Update… Landlocked.

No Island, but a lot of traversing.

Having touched the 1938.25 bias-up signal, back under 1937.00 and 1935.00 reversed momentum down. The morning’s 1924.00 bias-down signal wasn’t yet touched when the bias environment began lapsing at 11:30, so its eventual test wasn’t required to hold. Its test has extended down to 1921.75.

Not rallying quickly at the open meant today was likely to back-and-fill into yesterday’s range. Its lower prior highs have been tested (they’re still being tested). There’s no lower objective, but breaking lower now would be likely to probe under yesterday’s low.

Otherwise, this being the range’s lower-end, bouncing back to or toward yesterday’s highs is now likely.