Mid-day Update… Now, the wait.

Bounce stops short of reversal signal.

There is no further unfinished business below. This morning’s 2350.50 bias-down target was met, which was triggered under 2357.75. Tuesday morning’s no-bias trending above 2342.25 had required a retest. It was probed during the noon hour down to 2340.00.

Now a bounce has held this afternoon’s 2349.75 bias-up signal. No offsetting test of its bias-down signal is required. Entering the noon hour above 2350.50 would have been optimal, anyway.

Backing-and-filling during this afternoon’s bias environment could still resolve up into the close. Closing back under 2342.25 would instead put into play 2321.00 and probably also 2311.00 below.