Mid-day Update… Now they sell.
It’s not expiration-related, so it’s not easily ended.
This morning’s surge to 2093.00 never extended higher. And it seemed like forever before probing back under its 2089.00 sell signal. Equally long was the time that elapsed before probing under 2089.00 actually broke lower.
In fact, this afternoon’s 2088.00 bias-down signal didn’t trigger at 1:20, triggering no-bias. Neither was it broken by 1:30 to invalidate the no-bias. So, plunging under it now to 2081.25 is “no-bias trending” that requires being retraced eventually to at least 2088.00.
Will that retest come soon? Sellers have an excuse to pause — they just fulfilled this morning’s unfinished business at 2082.50, and oversold RSIs at the 2081.25 low will doom a bounce to failure. Back above 2084.50 would start to signal that bounce underway. There’s otherwise nothing preventing a slide into the top of the hour.
