Mid-day Update… Paradigm shift.
The pullback seems to be done.
“Unfinished business below” from Friday at 2372.25 was met by Sunday night’s plunge. “Lower prior highs” at 2368.50 was met overnight and by Monday’s opening dip. Fresh lows later probed down to 2367.00.
Exiting the bias environment back above the 2368.50 bias-down target robbed the decline of its momentum. Potential for extending down to 2364.00 may be neutralized. All downside objectives are now neutralized.
Is the pullback done? Entering the noon hour above another the morning’s 2375.00 bias-down signal would have been optimal confirmation. It was eventually touched along with this afternoon’s 2375.25 bias-up signal within 3 minutes of the 1:20 bias timing window. They’re being probed by more than 1 point.
So, the grace period is invoked. Exceeding 2375.25 through 1:30 would trigger late bias-up. Holding its test could delay extending higher for another hour, assuming 2374.00 had held tests as support.
