Mid-day Update… Trying for another bottom.

A lot of selling, so far holding support.

The open’s dip to 2886.25 was retested after this morning’s noN-bias environment had bounced to test 2901.00. The noon hour’s fresh low at 2885.50 was itself retraced up to 2994.00, avoiding the 2890.25 bias-down signal.

Probing under 2892.25 was likely to test the next lower objective at 2884.50. Coming to within 1 point and then triggering a buy signal would not be a deal killer to potential for rallying this afternoon. It’s a calculable support, so not touching it isn’t necessarily excessive optimism.

But while bias-down may not have triggered, it can still be invalidated through 1:30. Avoiding that, or even no-bias trending under 2890.25 can derail an afternoon rally. Yet, having held two more tests of 2888.00 and not triggering bias-down, the burden of proof is on sellers.