Mid-day Update… Look familiar?

Morning drop hovering narrowly at lows.

That’s what yesterday’s session did. The overnight rally had reacted down immediately. The balance of the session hovered narrowly at the lows. A little bit of chop, which was masked by continually returning to the lows.

Yesterday’s drop had bottomed in the first hour, while today’s took 90 minutes. Both ended at 2683.25, then fluctuated around 2684.25, despite the open having created unfinished business below. Yesterday’s surged in its final minutes, and today’s… ?

Similar sequential setups tend to resolve differently. Sellers aren’t marginalized today. The afternoon’s no-bias environment has room down to its 2682.25 bias-down signal, essentially. No-bias trending under the bias-down signal on a Friday afternoon would not be unique. Probing it after the bias environment lapses would not be no-bias trending.