Mid-day Update… New business below.

Unfinished business neutralized, exceeded.

Wednesday morning’s 2044.50 bias-up signal was probed during a no-bias environment. Despite extending up to 2062.00 overnight, the requirement to retest 2044.50 was neutralized this morning.

Yesterday morning’s 10:15 print at 2039.00 didn’t require a test, but it’s often retested after no-bias trending is extended. Its attraction was neutralized this morning, too.

Yesterday morning’s bounce up to 2044.50 had been put into play by holding a test of the morning’s 2035.75 bias-down signal. That happens also to be the noon hour low.

And now fresh lows are probing the noon hour low. And yesterday’s low, and Tuesday’s 2034.25 prior low, to 1 point under 2032.50. That’s this afternoon’s bias-down target.

Exiting the bias environment at 2:30 under the 2032.50 bias-down target would negate the “no-bias trending” that would otherwise be required to retest the 2038.00 bias-down signal.

Oversold RSIs at 2031.50 would require its retest in case of a bounce. The next lower objectives are 2021.00-2022.00 and potentially 2008.00-2009.00.