Mid-day Update… Still down. Still out.

Bias environment lows have given way.

Being at the bottom of this morning’s range was a given as the bias environment was entered. Bouncing toward or to its upper-end was not a given, although there was room. Plenty of room, but zero assurance. And the bias environment only ranged narrowly at its lows.

Now the lows have given way. Not that sellers are much more forceful. Dipping to 2159.75 just managed to touch this afternoon’s 2161.25 bias-down signal within 3 minutes of 1:20 to invoke the grace period. And it was still being overlapped at 1:30 to avoid triggering.

This is a noN-bias environment. Not bias-down, not no-bias, but noN-bias. No target or objective is in-play.

Back above 2163.50 would start to signal a rally underway anyway. But where there is no likelihood for trending down, there is potential to gravitate down.