Mid-day Update… Traction-less.

Open’s surge turns bad.

This morning’s 2097.00 bias-up signal triggered. It wasn’t rejected at 10:15, when the surge to 2102.00 was consolidating. It was probed soon after, but still held above the 2088.00 bias-down signal that would have rejected it at 11:30.

The noon hour and its entry repeatedly tested 2089.75 as support. That has resolved down to fresh lows at 2085.00. The afternoon’s 2088.00 bias-down signal has triggered the grace period — it can be invalidated if recovered through 1:30.

Dipping this morning instead of rallying would have had room down to 2082.00 as just a temporary correction. That’s still the case, regardless of the open’s interim surge. Regardless, this morning’s 2103.25 bias-up target became “unfinished business above” that requires being tested eventually.