Mid-day Update… Sharks vs. Jets.

Detour keeps fighting back.

Holding a test of this morning’s 2773.50 bias-up signal put into play an offsetting test of this morning’s 2763.00 bias-down signal. The reaction down got to natural support at 2767.00 which held. It held, and it firmed into the bias environment exit.

Then the bounce extended, into and through the noon hour. The gap back up to Monday’s 2778.00 cash session close was filled. Natural resistance there has reacted down to 2774.00. Which is also support, being this afternoon’s bias-up signal. And bias-up triggered at 1:20.

But this afternoon’s bias-up hasn’t yet been productive since triggering. In contrast, this morning’s bias signal produced fresh lows after triggering. Without probing a fresh high, this afternoon’s bias-up signal can be invalidated by exiting the bias environment under its 2767.75 bias-down signal.

Meanwhile, back above 2775.75 would resume the upside momentum, its objective being this afternoon’s 2779.75 bias-up target. This morning’s 2763.00 bias objective is now “unfinished business below.” Usually each session is a bout between two boxers. But the volatility of today’s widely disparate opposing targets objectives suggests that two gangs are going at it — and they’re just getting started.