Mid-day Update… More last gasps.

Bouncing out of the noon hour.

The post-open ranging had expended a lot of energy up to 2022.00.  It succeeded in preventing the overnight decline from following-through under 2012.00.

A surge tested 2025.00, too late to have a bullish impact. Instead, it stretched the rubber band, which snapped back down to 2003.75 at the noon hour’s low.

Coming within 3 ticks of the 2003.00 bias-down target no longer requires its test. It would not become “unfinished business below” if left outstanding.

If it is signaled. Actually, it did barely. The 2009.50 bias-down signal WAs being overlapped within 3 minutes of the 1:20 bias timing window to invoke the grace period . It wasn’t recovered through 1:30, so this is a late bias-down environment.

The trek to fresh lows remains intact. Nothing prevents trending under the 2003.00 target. Exiting the bias environment under it could prevent recovering.