Mid-day Update… Morning’s over.

Trending requirement satisfied.

Overnight action as compared to yesterday’s intraday action had made this morning likely to trend. Either the probe under yesterday’s lows would be maintained and extend, or it would be rejected and reversed.

It wasn’t rejected. Also, clean bias-down didn’t trigger at 10:15. And bias-down still hadn’t triggered at 10:30. But that wasn’t necessarily bullish, and the drop extended to this morning’s 2252.25 bias-down target.

2252.25 was overlapped while being pierced by 3 ticks and never broke lower. The noon hour bounced, but only to within 3 ticks of this afternoon’s 2256.00 bias-up signal. This is a no-bias environment.

Resuming the decline would have room down to its 2250.50 bias-down signal through 2:30 — under 2249.50 would suggest 2243.00 is also in-play. Otherwise, recovering above 2256.00 as the bias environment starts lapsing would target fresh post-open highs, like 2262.00 or higher.