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Mid-day Update… Terrible twos. – If, Then… Market Timing

Mid-day Update… Terrible twos.

Price keeps returning to relevant support.

This morning’ s 1922.00 bias-down signal held the open’s bounce, then it held the recovery from fresh lows. Probing above it came after triggering bias-down.

Probes above 1922.00 were retraced as the bias-down signal defined the bias-down environment’s upper-end. Those probes got to 1924.00, 1926.00 and almost 1929.00. Each probe was retraced to 1922.00 — and lower during the noon hour, attacking 1918.00.

All while still ranging around 1922.00.

Attacking this morning’s lows would likely extend back into last week’s range under 1909.00. The afternoon’s no-bias environment could otherwise bounce to test its 1931.50 bias-up signal without trending.