Mid-day Update… Still steady.
Fluctuating at the morning’s lows.
The post-open dive to 2544.00 has been tested once. RSIs diverged positively on a dip to 2543.25 that reacted up to 2547.00. But no higher. And that was into the morning’s morning’s bias environment exit.
The noon hour dipped back down into a narrow 2545.00-2546.00 range. The Columbus holiday is still taking a toll on participation and volume.
Nevertheless, there remains potential today down to this morning’s 2541.00 bias objective. Any lower could extend down to 2535.00. Back above 2547.50 would start to signal fresh highs, regardless of unfinished business above — especially when there is unfinished business above at 2552.00.
