Mid-day Update… Timing a turn.

Minimum downside objective met.

Trending down since this morning’s bias environment began has been very productive. Not only in avoiding a rally, as not gapping up suggested would be avoided. And not only in trending down. But now in testing the 2424.25 minimum likely objective below.

If that’s not today’s of, then the next lower objective would be 2421.50.

Lower lows can be avoided. The 2426.50 bias-down signal was not triggered. Its grace period was invoked, but a surge to 2429.50 avoided it. The no-bias environment could test 2433.00 before even threatening
“no-bias trending,” or rally through it after the bias environment begins lapsing.

Otherwise, fresh lows could still extend down deeper. Although the b2426.50 minimum could serve as the low, the likely objective would be 2421.50. Exiting the bias environment above a prior high could otherwise be unstopable.