Mid-day Update… Missed connections.

Bias-down dissed, but not dismissed.

This morning’s 2080.50 bias-down signal triggered. The bias environment didn’t extend down any deeper than its pre-10:15 2077.50 low. Bouncing to 2080.50 at 1030 didn’t invalidate the bias-down

But the bias-down environment was never any more productive before it began lapsing, back at the 2080.50 signal. So, its 2075.50 bias-down target becomes “unfinished business below,” which requires being tested eventually.

None of which has prevented an interim rally that triggered the 2084.50 bias-up signal. And that has extended to fresh session highs testing 2088.00. The 2090.75 bias-up target is in-play, but there may be an air pocket under the 2084.00 area that slides to fresh session lows.

This being a Friday, the last timing window is more vulnerable to trending. Entering the final hour above 2088.00 could attack the 2095.00 overnight highs into the close.