Mid-day Update… Traction sorely missed.

Still under pressure without sponsorship.

PROGRAMMING NOTE: Some instability in the chaRTroom caused some attendees to lose connections. Please let me know if you were affected to help isolate the issue’s cause… thank you.

This morning’s no-bias environment triggered without touching either bias signal. If touched later, either bias signal would be required to define that end of the range.

Bouncing to within 2 ticks of the 1977.00 bias-up signal was reversed to within 1 tick of the 1966.00 bias-down signal. Recovering that to a fresh high consolidated around the 1977.00 bias-up signal up to 1978.75.

Now the no-bias environment has lapsed. The bias signals need not define the range. But there’s still no requirement to trend beyond either end of the 1966.00–1977.00 range.

Back under 1973.75 (being tested now) would target a retest of this morning’s lows, and back above 1977.00 could extend to retest overnight highs. Still, neither resolution is required, and trending again today could be difficult until after the afternoon bias environment.