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Mid-day Update… And a special note. – If, Then… Market Timing

Mid-day Update… And a special note.

SPECIAL NOTE: I will be away from the screens on the afternoons of both Thursday and Friday, this week and next, Thank you for allowing me to be of personal assistance in a family matter.

Despite the open having neutralized all “unfinished business above” up to 2181.50, the balance of the morning barely reacted down to 2187.50. Slow and steady drifting through the noon hour extended  to attack this morning’s 2185.00 bias-down signal as support.

Probing fresh highs could be done without turning aggressive, and simply drifting slowly and steadily back up. The next higher attractions at 2195.50 and 2202.50 would be in-play above 2190.25.

Meanwhile, support down to 2184.00-2185.00 isn’t so much an inflection point, as it is a likely spot for selling to accelerate. A credible drop will need to be aggressive if it is valid.