Mid-day Update… Scraping bottom?

Lower lows still ranging around morning’s target.

Despite already having met this morning’s 2158.00 bias-down target. oversold RSIs that developed there had required its retest. Its retest had room down to 2156.00. Its retest touched 2156.00 before the morning’s bias environment lapsed.

Narrow noon hour ranging touched this afternoon’s 2155.75 bias-down signal. It held, and reacted up to 2159,25. But the noon hour lapsed back within its 2156.00-2158.00 range.

The 2155.75 bias-down signal didn’t trigger. This is a no-bias environment, with room for bouncing up to its 2161.50 bias-up signal. An afternoon recovery back to overnight highs isn’t assured, but would be difficult to start from any lower any later.