Mid-day Update… Time to volley?

Still no follow-through to two attempted sell-offs.

The overnight drop to 2199.50 was recovered 10 points up to 2209.50 through the open. It was retraced to within 3 ticks after reacting down to 2201.25.

This afternoon’s 2208.00 bias-up signal held its test to avoid triggering. But this morning’s 2211.50 objective has become “unfinished business above.” Probing above 2208.00 at the bias environment exit would be likely to extend up to 2211.50.

Meanwhile, a deeper pullback has room to test 2202.00. Probing lower when the bias environment lapses would likely trend down through tomorrow’s open.