No-no bias.

Shrinking volume is evident in the past hour’s 1-point trading range.

[pay]The morning’s bias environment is now lapsing, to the extent that there are any real timing windows on a half-day session. The market is still hovering above all prior sessions’ highs, consolidating narrowly at 1120.00.

Overbought RSIs at the 1122.50 high still make its retest likely. No further pullback is needed first. Back under 1118.75 would start giving sellers traction, but there’s otherwise very little opportunity for trending either way as the 1:00pm close draws nearer.

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