Mid-day Update… Still stewing it over.

Open’s rally has yet to extend.

This morning’s 2368.25 bias-up target was attacked to within 2 ticks. It did not become “unfinished business above.” Attacking yesterday afternoon’s 2369.75 bias-down signal to within 2 points didn’t help it attract price the rest of the way, so its unfinished business above remains outstanding.

Narrow ranging broke lower when the morning’s bias environment began lapsing. The noon hour was entered testing this afternoon’s 2357.50 bias-down signal. Choppy ranging didn’t trigger it, and this is now a no-bias environment.

But like yesterday afternoon, the bias-down signal is still under attack. That had made us suspect a no-bias trending break was coming then. And it makes us suspect another one is coming now. First things, first — it would be triggered under 2358.25, targeting the 2350.00 area. Back above 2362.50 would start to signal a rally more likely into the close.