Mid-day Update… Not so fast.

Decline absorbed, but not rejected.

No-bias trending often retraces not only the bias signal, but the level printed at 10:15. That was 2095.00, and it was tested into the noon hour.

Flat-to-higher ranging since then tested this afternoon’s 2097.50 bias-up signal. But it didn’t trigger. Now 2095.00 is being probed down to 2093.00.

Could this lack of direction be foreshadowing price action for the rest of the session? Employment Situation report is tomorrow morning, and anxiousness ahead of it often paralyzes trending attempts.

For now, the 2095.00 bias-up signal held its test, leaving room to gravitate down to the 2089.75 bias-down signal.