Mid-day Update… Sellers done?

Fresh session lows are keeping alive volatility.

I had warned upon entering the noon hour that just ranging sideways in this pattern would quash any potential trending for the day. The noon hour did not maintain the range.

Probing fresh lows during the noon hour has extended down to satisfy the unfinished business below at this morning’s 1999.50 bias-down signal. It was just tested down to 1998.75.

Also being tested is this afternoon’s 1999.00 bias-down signal target. It’s not yet triggered exceeded with the bias timing window having arrived. No-bias A satisfied bias-down means the bias environment’s upper-end should be defined by its 2011.00 upper-end (bias-up signal) if tested. Back above 2001.75 would start to signal momentum is reversing up.