Mid-day Update… Round-round-trip.

Open’s drop recovers much.

This morning’s reaction up from 2018.50 made it to 2025.25 before reacting back down under 2022.00-2023.00 to resume the decline. But the decline didn’t actually resume. The low was attacked to within 3 ticks and then another bounce began.

This second bounce was much more productive, testing 2028.25. A Close-Quarters Double Top there has reacted down to attack 2025.00. Any lower would start to signal the bounce had ended. That would still be subject to confirmation, this being the noon hour, and having recovered well back into positive territory.

Otherwise, back above 2028.00 would start to confirm the detour is extending. Fulfilling objectives below would be delayed for a more substantial probe of fresh highs.