Mid-day Update… Saving up for the close.

Choppy ranging isn’t gaining sponsorship. Yet.

Opening firmer at 2756.00 eventually probed higher, and eventually tested this morning’s 2764.75 bias-up target. The bias environment exit probed above it to 2766.00. But only then, and only that much, and only for several minutes before reversing back down. The open was attacked down to 2758.00 by noon.

The gap back down to yesterday’s close is being retraced, too, down to 2754.50. That’s still overlapping this afternoon’s 2756.00 bias-down signal. This being a no-bias environment, its test should define the window’s lower-end.

It’s not in-play, but there’s room to fluctuate up to the 2764.50 bias-up signal. Its resistance won’t matter in another half-hour, and neither will this morning’s reluctance to trend. Also not mattering then — the 2756.00 bias-down signal’s support. Unless 2759.00 is recovered to reverse momentum up, exiting the bias environment under 2756.00 could drift to fresh lows for the week.