Mid-day Update… Nowhere slowly.

Opening dip’s recovery hasn’t reversed up.

The open’s slide down to 2082.25 had reacted up to range around the 2088.00 bias-up signal. It didn’t trigger, not even late. A surge up to 2090.50  was retraced back down into the range around 2088.00.

The morning’s vulnerability to trending back down lapsed with the bias environment. Having hovered at session highs until then, the noon hour became vulnerable to drifting higher on evaporating volume.

But the noon hour only ranged narrowly sideways, at or under the morning’s high.

So, the shoe is now back on the pendulum, which has swung back toward the other foot. The primary influence continues to be evaporating volume. This range’s upper-end continues to hold. Will 2088.00 refuse to let sellers retake control?

No trending is required. That said, be careful if short at or into highs, as evaporating volume can be unpredictable. But the balance of the session is now vulnerable to drifting downward.