Mid-day Update… Target met, and held.
Offsetting test neutralized, and neutralizing.
Holding a test of this morning’s 2018.00 bias-down signal through 10:15 put into play an offsetting test of the 2026.50 bias-up signal.
Absorbing the initial probe of 4 points under 2018.00 didn’t require any greater reward. Neither did absorbing the 6-point dip back down to 2018.00.
However it is that 2026.50 came to be met, its attraction is now neutralized. Combined with filling the gap back to Friday’s close in that area, and with the noon hour beginning, a pullback is now testing 2021.50.
Fresh session highs visiting 2031.50 are likely so long as the afternoon’s bias-down signal doesn’t trigger. Only a temporary visit to 2031.50 is possible, followed by reversing down to sharply into the close. Regardless, there is no unfinished business above in-play.
