Mid-day Update… Time’s up for holding up?
Not attracting buyers.
The noon hour began hopefully, trending up from 1863.00 to fresh session highs. Attacking the afternoon’s 1883.50 bias-up target to within 1 tick was quickly reversed to range widely around the afternoon’s 1877.25 bias-up signal.
Bias-up did not trigger. So, the no-bias environment was likely to be contained between its bias signals. In fact, the balance of the bias environment drifted down to its 1863.00 bias-down signal.
Fresh lows extended already to attack 1852.00. At least 1-minute RSI diverged positively there, and its reaction is attacking 1864.00. Extending above 1867.50 would be credible for revisiting at least today’s high. Back under 1858.00 would simply resume the decline.
