Mid-day Update… Triangu-strangu-lation.

More weirdness.

This morning’s late bias-up attacked 2863.00 at its height. But it was already retracing to 2859.00 when the bias environment began lapsing at 11:30. And then it plunged to attack 2855.00 by noon. That’s a fresh post-open low.

Reversal? Not any more so than the noon hour’s bounce that has extended to attack 2863.00. And that was after invoking another grace period, that wasn’t resolved by 1:30.

So, the Bermuda Triangle persists. Until it doesn’t. But there’s an app for that — several. Some of the higher profile are Narrow Range patterns (NR4 and NR7), and Bollinger Bands. They’re predicated on the historical reality that: nothing lasts forever, but when it seems like forever, they end abruptly.

My methodologies incorporate these applications indirectly. And I can say that we should be prepared, and not at all surprised, when this range explodes, too. But that’s not to say it’s a contained explosion, especially not with competing “unfinished business” both above and below at 2851.00 and 2866.25.