Mid-day Update… Settling in.

Pre-payrolls paralysis.

Sponsorship is difficult to generate on the afternoon prior to the Employment Situation report. And this morning’s bias objective is met — an offsetting test of the 2872.50 bias-down signal, for having held a test of the 2881.75 bias-up signal.

Having become “unfinished business,” 2872.50 was a candidate for this afternoon’s bias-down signal. And its test held to avoid triggering. So, this is a no-bias environment.

Bouncing back up to or toward this afternoon’s 2884.00 bias-up signal wouldn’t be trending, but noise in the range. There’s potential anyway up to 2881.75 and 2883.50. Any higher would suggest a retest of yesterday’s 2889.25 highs.

But there’s not currently any unfinished business above, and a couple of failed attempts to break lower when sponsorship would have been strong-handed. Back under 2873.50 could get a benefit of the doubt for extending to 2866.00, but probably not durably.