Mid-day Update… Squeezing out the last drop.

Still probing fresh lows.

This afternoon’s 2369.75 bias-down signal didn’t trigger. That hasn’t prevented probing under it anyway, which had become somewhat likely since its ongoing test wasn’t being rejected. This morning’s 2366.25 low has now been probed by 3 ticks.

That’s “no-bias trending,” which is doomed to failure. Breaking the bias-down signal too late must be retraced. Eventually. Often the same day or timing window. Sometimes much later, and from much lower.

Exiting the bias environment at 2:30 back above the bias-down signal would be a good start at a short-squeeze. Exiting above the 2374.75 prior high would be better. Regardless, the prior high’s recovery can’t wait for the final hour, or else the decline would be vulnerable to extending.

P.S. This cycle’s WedEX will trigger this afternoon. It’s signal isn’t obvious, which we’ll discuss later.