Mid-day Update… Optimism primed.

Afternoon digestion.

The post-open rally to 1940.00 has reversed down considerably. Not only in terms of size for dropping 31 points down to 1909.00, but also in relative terms for dipping well back into yesterday’s range.

Neither of those measurements disqualifies the drop from being only a temporary correction.

Room down to 1912.00 has held through every relevant timing window. Its support was tested as long as possible, and then longer, triggering noN-bias for this afternoon’s bias environment.

This morning’s noN-bias environment wasn’t likely to sit still since it was triggered from so far above. This afternoon’s noN-bias environment should be more subdued — still choppy, but ranging around 1912.00 instead of trending away from it.

When the bias environment is within view of lapsing, trending either way would be credible for extending in that direction.