Mid-day Update… Still eking.

Barely triggering bias-up.

Another touch of the open’s 2748.00 low reacted back up to the morning’s 2753.50 highs. The reaction extended as the bias environment came within view of lapsing. Higher high probed the 2757.50 bias-up target by 1 point before the bias environment began lapsing.

That probe’s 2758.50 high happened to become this afternoon’s bias-up signal. Ranging flat-to-lower through the noon hour showed no interest in resuming the rally. But the noon hour exit was attacking the morning’s high to within 1 tick. It was touched just in time to invoke the grace period.

Attacking 2758.50 to within 1 tick, and touching it within the last minute. Actually triggering bias-up is no less hesitant. While 2758.50 was recovered in time to trigger late, it was recovered by 1 tick. AND there’s still no further improvement 10 minutes later.

I’ll give the bias-up signal a benefit of the doubt. But sellers aren’t marginalized. And back under 2757.00 would be credible for reversing momentum down anyway.