Mid-day Update… Not easily absorbed.
Opening drop retraced only back to the open.
The 2777.75 opening print quickly extended down to confirm the Globex-flip setup. That confirmation represented most of this morning’s drop, which got to 2769.00 before 10:15. There has yet to be a lower low, but the bias environment remained under pressure.
The noon hour recovered to test the 2777.75 open, attacking 2782.00. But the 2782.75 bias-up signal wasn’t even touched, and now 2777.75 is being probed as support.
Just avoiding an afternoon bounce — not necessarily extending down — would suggest the bearish Globex-flip influence will stretch through tomorrow morning, too. Any fresh low would next target 2753.00-2757.50. None of which even considers the Isolation setup, which would target at least 2730.00. But back above 2783.75 would start to signal a recovery underway.
