Mid-day Update… Shaking them loose.

Still trying to bring sellers out of the woodwork.

The open’s 5-point dip attacked 2468.00 before RSIs diverged positively. Its reaction retraced the opening dip at the bias environment’s high. Then the retracement was retraced at the noon hour’s low.

Back-and-forth, barely attacking positive territory. The market is trying to attract sellers to drive price down, probably where buyers are more willing to sponsor a bigger rally.

If that’s the goal, then a shallow dip won’t suffice. And so far, the technique has produced only a shallow dip, momentarily piercing 2468.00. It found obligatory support at the 2467.75 overnight low. There’s still potential to 2466.50, while back above 2472.00 would signal a probe above yesterday’s highs already underway.