Mixed signals. Mixed, tossed, soggy signals.

Morning range mired in between two attractions.

This morning”s no-bias signal was not invalidated. Exiting the bias environment above the open”s 2127.75 high would have done it, and it was probed just after 11:30. But it held, so the consequence of 10:15”s signal now becomes “unfinished business below” at 2119.25.

It was easier to reject at 10:30, just by recovering the 2127.25 bias-down signal itself. That bar attacked it to within 1 tick, and still held. 

Price action since the open”s low has trended up, without gaining any traction, despite expending so much buying pressure. The “ineffectual optimism” is basically an accident waiting to happen. A valid break lower should collapse, or else it”s probably not a valid break lower.

I”m still willing to take a buy signal, knowing its reliability is suspect. But an intraday probe above yesterday”s 2128.75 high by 1-2 points just as noise can”t be discounted, especially not during the noon hour.