Mid-day Update… Quicksand? Should be slowsand.

Still stuck at the lows.

Dropping during the opening 15 minutes had probed well under 2158.00-2159.00. That area’s quicksand is irrelevant if its probe is isolated to a relevant timing window. And it was — reacting up sharply from 2154.00 to attack 2163.00.

But it was tested again, entering the bias environment back under 2158.00. And there has been nothing quick about it. Attacking this morning’s 2153.25 bias-down signal to within 1 tick did produce a bounce back up to 2158.00-2159.00. But that reacted down.

Now that reaction down is has recovered to probe above 2158.00-2159.00, which starts to suggest the quicksand is being left behind. It’s too late to trigger bias-up, so exiting the bias environment in rally mode is the next bullish scenario.