Mid-day Update… Muck and mire.

Narrow choppy range persists.

My earlier warning remains as true, and its note remains on the chaRTroom screen: Be cautious with entries and sizing. This is still a no-bias environment, and still lacks an attraction. Which explains why price action remains within yesterday’s 2783.00-2795.00 final hour range — with one brief probe above it to 2796.00 before noon.

Now fresh afternoon lows are testing the 2788.00 bias-down signal. It should define the window’s low, and 1-minute RSI is making a higher low. So, the narrow range may be getting narrower.

The afternoon bias environment is the last pure intraday window. The final 60-90 minutes starts becoming more vulnerable to forward-looking influences. If the range does break in either direction, I would expect higher because sellers haven’t exploited 2-3 opportunities to resolve down. But any break higher would still be vulnerable to resolving down.