Mid-day Update… The long road back.

Steady corrective bounce does not equal durable recovery.

Since meeting this morning’s 2741.75 low, recovering through the bias environment ext and noon hour has touched 2761.25. But the 2758.00 bias-up signal was still being touched within 3 minutes of the 1:20 bias timing window, invoking the grace period.

It held, and this is a no-bias environment.

The decline isn’t required to resume today. But it would have potential to 2733.75 and 2715.00. If it resumes. Otherwise, the stair-stepping rally off the lows could extend into the bias environment’s exit.