Mid-day Update… NO-BIAS TESTED BIAS-UP SIGNAL.

Does the market care? It’s range is being probed anyway.

Sloshing around through the open bled into the bias environment, triggering bias-down and repeatedly attacking its 2935.00 bias-down target. The target expanded to 2933.00-2934.00, with plenty of time for its test to be recovered before marginalizing buyers for the day. In fact, its test plunged to 2926.00, and still recovered in time to avoid marginalizing buyers.

Meanwhile, simultaneously oversold 1-minute and 3-minute RSIs left outstanding at the 2926.00 low require an eventual retest. That didn’t prevent extending the bounce to fresh post-open highs testing the pre-open 2945.50 high. Which is “no-bias trending,” since the 2941.50 bias-up signal held its test through 1:20 to trigger no-bias. So, 2941.50 is likely to be retraced at or through the bias environment exit.

The balance of the session is vulnerable not so much to trending as it is to gravitating toward one end of the range or the other. Exiting the bias environment back within the 2935.00-2940.00 post-open range — especially under it — would likely extend down to the 2926.00 low. Leaving its attraction outstanding as “unfinished business” would make a retest of yesterday’s highs. likelier to reverse down.