Mid-day Update… Two steps forward, one step back. Again.

Recovering dips, but not stopping them.

Fresh post-10:15 lows weren’t necessary for the morning’s 2363.75 bias objective to become “unfinished business below.” But the bias environment exit to slide 6 points, anyway, to 2165.50.

Coming to at least within 3 ticks of 2363.75 would have neutralized it. But bouncing into and out of the noon hour tested the afternoon’s 2371.50 bias-up signal.

Isolating the probe under the open’s low to the noon hour is a less predictive version of isolating the overnight dip under yesterday’s lows. Neither reverses momentum up without also triggering a buy signal, but they do offer context to selling.

Triggering late no-bias isn’t required to trend back down from the bias-up signal. Hovering here until the bias environment begins lapsing could still launch a rally into the close (and through tomorrow morning). Not holding a test of 2363.75 as support would next target 2357.50.