Mid-day Update… No third bite.

Gap filled, probed… held?

This morning’s slide back under the 2499.50 bias-up signal extended to 2493.00. Its probe into negative territory under 2495.50 was recovered through the bias environment exit. The noon hour barely avoided turning negative again.

And now the bias afternoon environment is being greeted back up at 2499.50. Its retest would have been required had this morning triggered no-bias before probing under it. Retesting it anyway isn’t predictive, but reversing down again from its retest would be bearish.

So, back under 2497.50 would get one opportunity to resume the decline. Extending above 2501.50 as the bias environment begins lapsing would suggest no other dip is coming. Greeting Trump’s 3:20 tax reform speech from beyond either would be likely to extend in that direction.