Mid-day Update… Still holding out, and a little up.

Well off the high, but still in positive territory.

Each probe above 2061.25 this morning was only brief, once touching 2064.50. That one was too much, and it reacted down to fresh post-open lows attacking 2054.25. Extending down during the noon hour is now attacking 2052.00.

Two hours of relentless selling, and 12 points off the high. Seems bearish.

But that’s still 1 point above the afternoon’s bias-down signal, and 5 points in positive territory.

Bias-down didn’t trigger. Maybe it will be probed anyway, which would be “no-bias trending” that requires being retraced. Waiting an hour before probing lower would target 2039.25. Otherwise, back above 2056.25 would start putting into play fresh session highs.