Mid-day Update… Try, try again.

Early recovery falls flat.

This morning’s rally from 2366.25 attacked 2375.00. RSIs diverged negatively, so calculable resistance there launched a pullback. That much was anticipated. Retracing substantially all of the rally was not.

The bias environment exit at 2367.00 was retraced up to 2372.00. Still testing the 2371.50 bias-up signal at 1:20 and 1:30 has triggered noN-bias.

None of which is necessarily bearish. Triggering bias-down would have contradicted the bottoming template. But there’s still time to rally out of the afternoon bias environment, as any further delay would be very suspicious, and very vulnerable to extending down.