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Mid-day Update… Magnetic attraction. – If, Then… Market Timing

Mid-day Update… Magnetic attraction.

Resistance is holding, and being retested .

This morning’s 2396.25 bias-up signal was being probed at 10:30, but not exceeded by enough to invalidate having signaled no-bias at 10:15.

The balance of the bias environment tested 2396.25 as resistance. Never enough to by become “no-bias trending,” but neither was it rejected. The offsetting test of this morning’s 2388.75 bias-down signal is “unfinished business below.”

That didn’t prevent probing fresh highs into noon. Attacking this afternoon’s 2399.75 bias-up signal was reversed to attack 2395.00. This is a no-bias environment, too.

Fresh highs would have room up to 2401.00, if not also to probe it, while still being vulnerable to reversing down sharply.