Mid-day Update… Premature evacuation.

Basing resolves up before laying solid groundwork.

Not gapping down had already indicated strong-handed sellers weren’t retaking control this morning. Fresh lows became likelier as buyers further delayed retaking control, too.

The no-bias environment still had room up to its 1953.00 bias-up signal, so long as that defined the range’s upper-end. But its test wasn’t required, and wasn’t even likely.

1953.00 was tested, anyway. Breaking higher well after the open gravitated up to 1952.00, and then surged to 1956.00. The bias environment exit is fluctuating narrowly around 1953.00.

Not gapping down kept the market in Friday’s orbit, attracted back to Friday’s highs and higher. Its 1952.00-1953.00 resistance is now neutralized. Fresh highs would all but target at least 1960.00, if not also fresh highs above 1969.00.

Back under this morning’s 1945.00 open would signal the bounce had ended already.