Mid-day Update… Leaving unfinished business.

Is it a trail to find its way back down?

Friday’s session was inert, retracing two intraday trending attempts in either direction, to close unchanged with its open. Not equilibrium, which would be unlikely to trend, at all. Today’s session has been neither, as trending has developed in both directions.

Down, at least. But only to probe under Friday afternoon’s 2907.50 low, and not back into “lower prior highs” beginning at 2898.00. Now the noon hour’s ranging has firmed up to this afternoon’s 2908.50 bias-up signal. Back under 2905.50 would start to signal the noon hour’s bounce had ended, and that the balance of the session would try resuming its decline.

It’s too late to trigger bias-up, or to invalidate no-bias. Probing above 2908.50 now would be “no-bias trending” that requires retracement. Holding 2908.50 until the bias environment begins lapsing could probe overnight highs — and fulfill the outstanding requirement for another trend high close.