Mid-day Update… The door is open.

Relevant support break maintained.

This morning’s 2777.25 bias-down target was probed by 2 points. Its reaction up to 2784.25 was reversed back down through 2777.25 as the bias environment lapsed. And despite holding a test of this afternoon’s 2771.00 bias-down signal to trigger noN-bias, the break under 2777.25 was maintained.

The door is now open to extending the decline down to its next objective at 2753.50.

There was no bullish reason to have revisited 2777.25 last week, nor to repeat its test today. Isolating its test now requires closing back above a prior relative high, which at this point in the pattern is essentially 2784.25.

Meanwhile, the pattern is more vulnerable to resuming and extending the decline, without any requirement to await the bias window lapsing, since this is a noN-bias environment.