Mid-day Update… Reverse squeeze.

Morning’s slide hasn’t resumed.

The decline’s potential to 2064.50 was fulfilled down to 2062.00. Bouncing there through the noon hour touched this afternoon’s 2070.50 bias-up signal.

The signal’s touch pushed back.

Dipping back down to 2064.50 has avoided triggering bias-up signal. The 2060.50 bias-down signal isn’t triggering, and its offsetting test isn’t required during the afternoon.

But the level is relevant support. And exiting the bias environment under it would be likely to trend down for awhile. An afternoon recovery would be difficult if the bias environment isn’t already chipping away at the resistance of its 2070.50 bias-up signal.