Mid-day Update… No-bias trending.

Finally leaving the range, for another one.

This morning’s bias environment eventually broke higher above the 2760.00 open. The window began lapsing coincidentally when yesterday afternoon’s 2767.25 high was touched. That was still within the range, and as was suspected this morning, the range held. Reacting down eventually entered the afternoon bias environment unchanged at 2754.00.

This afternoon’s 2755.00 bias-down signal held through its grace period. This is a no-bias environment, and a retracement to and the afternoon’s 2755.00 bias-down signal should define the window’s lower-end. That didn’t prevent a negative knee-jerk reaction to a Trump-probe headline, which has extended to within 3 ticks of the 2745.00 overnight low. That’s also the natural support of last Thursday’s gap.

Retracing 2755.00 would allow a deeper downleg to begin, targeting the 2735.00 area. Otherwise, recovering 2755.00 could extend to also retest the overbought RSIs at the morning’s 2767.25 high.