Mid-day Update… The other side of up.

Fresh post-open lows coming out of the noon hour.

Reacting down from 2092.50 never recovered. The 2084.50 opening print was retested, and held as support through the noon hour. Bouncing up to 2087.00 as the noon hour was ending had an opportunity to retest the highs.

But that was short-lived. Reacting down from 2087.00 probed a fresh post-open low — and the pre-open low, for that matter — down to 2082.00. The Pound suddenly collapsed simultaneously, so perhaps news is forthcoming on Brexit. Anxiousness ahead of Yellen’s testimony tomorrow could also be undermining the rally effort.

Regardless, the 2080.50 bias-down signal wasn’t touched, let alone triggered. This is a no-bias environment. Probing lower anyway would likely be recovered. Meanwhile, there is more room for noise to test this afternoon’s 2088.75 bias-up signal.