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Taking the renewed bias-down signal with a grain of salt never resulted in also taking a buy signal. The afternoon’s 2249.00 bias-down target was officially broken at 1:20 but essentially part of the ongoing consolidation. Nevertheless, a shallow probe above it stopped far short of the nearest buy signal, and fresh lows were probed down to 2244.50.

1-minute RSI diverged positively into that low. Now recovering 2248.00 would be credible for launching a corrective bounce. But only a corrective bounce.

Having probed all prior lows except 2243.00 whose oversold RSIs require a retest, bouncing first would be only temporary. Extending down today to retest 2243.00 would not be required to hold. Its test wouldn’t even be any likelier to hold, being the product of an ongoing series of lower lows and lower highs.

Not yet testing 2243.00 today would allow its test overnight or briefly at tomorrow’s open to be isolated by a well-timed reversal up. Otherwise, its break would next target 2215.00 down to 2205.00.