Mid-day Update… Still comfy at the lows.

REMINDER: I’m away from the screens when the afternoon bias environment begins lapsing at 2:30 ET. Daily Spot will be today’s last post. There will be no Market Wrap or Saturday Review.

3-4 recovery attempts have interrupted several probes of fresh or otherwise relevant lows. The 2690.00 gap down reacted up 7 points. Its reaction down to 2683.50 reaction up 10 points. The bias environment’s exit at 2681.00-2682.00 reacted up 10 points, too.

Pretty big reactions up, but has the last one finally trapped sellers? Actually, the last reaction up has extended to 14 points, testing this afternoon’s 2693.75 bias-up signal up to 2695.00. It was still being tested at both 1:20 and 1:30 to trigger noN-bias.

No requirement to hold as resistance, although back under 2690.00 would start to signal another downleg may be underway. And no requirement to meet its bias-up target, although back above 2695.00 would get a benefit of the doubt for extending higher, anyway.

This being a Friday, isolating failed trending attempts to the morning’s timing windows can form a session bottom. Recovering 2688.00-2690.00 into the noon hour would have isolated this morning’s fresh lows, but 2688.00-2690.00 was still being tested at noon. Exiting the noon hour higher could have been bullish, but it failed to trigger bias-up. The decline isn’t required to resume today, but sellers are NOT marginalized.