Mid-day Update… Sentiment Extreme.

Overnight range isolated. Now morning bounce is, too.

Having exited the 2167.50 open exclusively within Friday’s range, sellers had successfully isolated the overnight highs. Plunging to 2162.25 was retraced to test Friday morning’s 2171.75 prior high as resistance. Holding its test would maintain that isolation of any probe above it.

So when the bias environment lapsed at 2171.75, another plunge fell to fresh session lows testing 2160.00.

The afternoon’s bias environment just triggered noN-bias. Not no-bias, and not bias-down. The 2164.000 bias-down signal was still being overlapped both at 1:20 and also at 1:30. Bouncing any higher would target at least 2167.00, or higher, without limitation.

Back under 2162.00 would resume the decline, essentially targeting a probe under Thursday’s 2153.50 low. And likely to extend down much deeper Tuesady into Wednesday’s open.