No-bias, but not no business.
Avoiding bias signal tests doesn”t mean no active attraction.
This afternoon”s bias signals weren”t touched. Neither were this morning”s. Triggering no-bias, without even touching a bias signal, is not terribly rare in the afternoon. It is somewhat unusual in the morning. Two in the same day isn”t common.
So, this is a no-bias environment, with no bias requirement. But this morning”s oversold RSIs at the 2039.50 low do require a retest. And its retest is likely also to visit 2037.00. Retesting the lows was always likely, unless the noon hour were entered or exited above the open”s highs.
In fact, while preparing the above, the noon hour”s range broke lower, and the break just touched 2039.50. RSIs are oversold simultaneously again, so bouncing from here would be equally doomed.
2037.00 can be probed intraday without consequence. Recovering it through the close would prevent putting a lower target into play. But not closing today back above 2048.50 to reverse momentum up would keep the door open to extending down anyway.
