Mid-day Update… Leaning out of the window.

Still monitoring for capitulative downleg.

The reaction up from this morning’s 1977.50 low has touched 1993.00. That’s the highest post-open print and its still 6 points into negative territory.

Anything higher would suddenly become much likelier to probe fresh highs, like 2009.00.

Otherwise, this now being Tuesday afternoon, a downleg can now be obvious. If not today, then tomorrow morning.