Mid-day Update… Noise in the range.

And testing the range’s ends.

This morning’s no-bias environment triggered without testing either bias signal. Sure, the 2930.50 bias-up signal had been tested pre-open, but that didn’t require an offsetting test of the 2921.25 bias-down signal.

2921.25 was tested anyway at the morning’s low, by 1 point. Still being the no-bias environment, its test was required to define the window’s lower-end. Which it did, combining with oversold RSIs to produce an 8-point bounce testing 2928.00 as the bias environment began lapsing.

Oversold RSIs require a retest, which could have remained outstanding, but the noon hour has been retracing to trigger a late bias-down under 2923.50. The 2918.50 bias-down target is in-play.

Lower prior highs at 2914.00 could be tested, so long as the window were exited back above 2919.00. Meanwhile, just recovering 2927.75 would start to signal momentum reversing up, although that could leave 2918.50 outstanding as “unfinished business.”