Mid-day Update… Low gravity.

Skipping across resistance .

This morning’s plunge bounced back up to 2473.75. Breaking back under 2471.25 had signaled momentum reversing down this morning. Confirmed under 2469.25, it reached 2467.75. Extending 2 more points would have neutralized the oversold RSIs at the low. Extending down 4 points would have fulfilled the 2463.50 “unfinished business below.”

The noon hour recovered back up to the 2473.75 bounce high. That’s also this afternoon’s bias-up signal, and despite fluctuating around it, the signal didn’t trigger. This is a no-bias environment, and its 2473.75 bias-up signal should define the window’s upper-end. It’s still being overlapped.

Meanwhile, the gap back up to today’s 2474.00 open has been retested. Not arbitrarily, but from testing “lower prior highs” first. This won’t be left outstanding as “unfinished business.” The 2476.25 “new Globex trend extreme” must be retested eventually, too. Not necessarily today, although it could be.

Neutralizing an attraction above during a no-bias environment can produce a significant reversal. That’s what happened Tuesday morning when the bias-down target was met in a no-bias environment. That was 25-30 points lower. Regardless, back under 2471.50 would signal another attempt at probing fresh session lows.