Mid-day Update… One good turn deserves another.

Noon hour’s bounce reverses. Again.

The morning’s drop fulfilled its 2071.25 objective — testing the bias-down signal to offset that the 2080.50 bias-up signal had held its test as resistance.

An inverted Head & Shoulders formed there. The pattern proved very powerful, launching a rally to 2082.50. But, wait, there’s more…

The afternoon’s 2079.25 bias-up signal held its test  to trigger no-bias, putting into play an offsetting test of the 2073.00 bias-down signal. And that has been touched.

This is still Veteran’s Day, but the market won’t care after the no-bias environment starts lapsing. That’s when price action starts discounting the next session. And this wide range — perhaps also including yesterday morning’s unresolved wide range — would be vulnerable to breaking either way.