Mid-day Update… The search continues.

Fresh lows into the afternoon.

Support under this morning’s renewed 2781.00 bias-down target was chipped away to enter the noon hour at 2722.50. A slightly lower low and a bounce back up to 2781.00 didn’t ended the decline. Being a Friday, the morning’s bias-down tends to persist through the noon hour anyway.

Now this afternoon has triggered a noN-bias environment. The 2773.50 bias-down signal isn’t required to define the window’s low — in fact, fresh lows are already testing 2770.00. And no requirement to test the 2764.75 bias-down target, although that’s still likely since 2781.00 didn’t hold.

Back above 2778.00 would start to signal a bigger bounce underway, regardless of the outstanding attraction below. And nothing about today’s decline is (yet) suggesting the two-week old correction has ended.