Mid-day Update… Morning rally ended.

UPDATE: I’m unavailable during today’s last timing window (which begins at 2:30 ET). There is no post-market Wrap or Saturday Review. It seems my connectivity has already become limited, and only the Daily Spot will be updated.

The 2191.75 sell signal held its test this morning. Probing it down to 2190.50 bounced back above 2194.00 to resume the morning rally. Room up to the 2197.00 bias-up signal was fully utilized. And despite the bias environment already lapsing when tested, its resistance held.

The morning rally, and the morning, both have ended. And another sell signal triggered under 2192.75.

Now this morning’s 2187.50 bias-down signal no longer need hold as support. But it’s trying. This afternoon’s 2189.00 bias-down signal triggered, putting into play its 2182.75 bias-down target. But touching 2187.50 has bounced to test 2189.00 as resistance.

The drop is likely to resume if the reversal isn’t recovered as the bias environment begins lapsing at 2:30 (when I will no longer be in front of the screens). And the bias-down target is just interim support on the way down to 2181.00.

Meanwhile, Gold (and Silver) and the Euro are threatening to bottom, if their earlier recoveries from this morning aren’t derailed. Could be very interesting into the close… Have fun!