Mid-day Update… Still anybody’s game.

Morning dip holds support.

noN-bias triggered this morning while a surge overlapped its 2751.00 bias-up signal. RSIs diverged negatively, and the surge reversed down as quickly, and more substantially. The morning’s bias environment low was 2739.00.

Exiting the bias environment under the lower-end of 2743.00-2747.00 would have been bearish. It was certainly probed, but not decisively when the bias environment had finished lapsing. And RSIs diverging positively at the low’s retest have bounced through the noon hour.

If you’re keeping track of the score, it’s Bulls 0, Bears 0. Actually, considering that each side made an effort, the score is more like Bulls <-1>, Bears <-1>.

Bouncing through the noon hour managed to touch this afternoon’s 2747.75 bias-up signal in time to invoke the grace period. Again. It held, triggering no-bias. Hovering there into the bias environment lapsing would be vulnerable — if not also likely — to launch an upleg into the close. And almost any afternoon upleg from here would likely be aggressive and substantial.

Otherwise, back under 2743.75 would start to signal momentum reversing down. And exiting the bias environment back under the 2743.00-2747.00 range could trend down through the close.