Mid-day Update… The regular crowd shuffles in.

Morning’s bearish influence could be absorbed.

This morning’s 2797.75 bias-down signal didn’t trigger. It wasn’t even touched in time to invoke the grace period despite being in proximity. And breaking under it was recovered by 10:30 to maintain the no-bias environment. That no-bias environment didn’t prevent a fresh low at 2795.00, but it warned of the fresh low’s recovery, at least back up to 2797.75.

2797.75 was recovered, and was retested as support into the noon hour. It held again, but only to test this afternoon’s 2802.75 bias-up signal. And only momentarily by errant ticks. This afternoon is a no-bias environment, too.

Bias environments lapse. This one will come within view of lapsing 10-15 minutes before 2:30. Breaking higher would at least target a retest of the 2804.75 post-open highs. And probably extend higher to test the 2809.00 target which has yet to be tested intraday. Last night’s test of 2809.00 could suffice, but any higher would next target 2813.00-2816.75.

Did I mention that last night’s test of 2809.00 could suffice? Exiting the bias environment in decline would resume this morning’s bearish setup. Potential to 2781.25 would come into play.