Mid-day Update… Still stuck.

Ranging gets blind-sided.

Recovering into and out of the open hasn’t amounted to much. Stopping 1 tick of the morning’s 2366.50 bias-up signal prevented putting into play an offsetting test of the bias-down signal. But the no-bias environment and noon hour only ranged +/- 2 points around 2363.00.

And now a headline has triggered a 5-point plunge to probe the post-open low, 2 ticks short of the 2357.50 bias-down signal. This is during another no-bias environment, so the low’s retest could serve as this window’s low.

Retesting the low can also serve as a bottom, but will it. It would be the first post-open print under yesterday’s low. The open had isolated the overnight lows, which is not a buy signal, but good soil for one.

Anxiousness ahead of tomorrow’s Employment Situation report may inhibit trending this afternoon. So, trending back up to this morning’s highs is likelier than breaking lower. However, exiting the bias environment and still defending against a break lower ahead of news would be difficult to recover.