Mid-day Update… News junkie.

Brexit headlines lacking, Yellen testimony pausing.

The reaction down from last night’s 2086.00 high extended down to 2074.00 intraday. That retested the overnight low, barely, Reacting up to probe 2082.00 reacted down 6 points. Reacting up again to attack 2082.00 reacted down only 3 points.

The first probe was retraced back under this morning’s 2080.50 bias-up signal before the bias environment began lapsing. That was close. But an offsetting test of this morning’s 2070.75 bias-down signal has become “unfinished business below” that requires eventual test.

Rallying first would target no only the overnight highs, but yesterday morning’s 2092.50 high. Otherwise, this morning’s low is very unlikely to hold a retest.