Raising the bar by lowering the price.

Rewarding yesterday afternoon’s buyers is a little more difficult. PLUS a site update.

The overnight rally doesn’t qualify as rewarding yesterday afternoon’s buyers for having gained traction. That’s usually the following morning. That, or the following afternoon.

It clearly wasn’t this morning, which retraced all of the overnight rally up to 1992.00 back down unchanged at 1965.50. But not into negative territory.

It’s difficult giving buyers any benefit of the doubt without exiting the noon hour back above a prior high like 1973.75. But the noon hour pierced it only by 1 tick while 1-minute RSI diverged negatively. And now yesterday’s lat-minute 1968.75 high is being tested as support.

Even fresh lows won’t invalidate the potential for resuming the rally this afternoon. Fresh lows like testing the 1964.50 bias-down signal… without triggering it. Recovery potential remains alive so long as sellers don’t extend down during the afternoon’s bias environment. But delaying a recovery until this afternoon would require its slope to turn exponential, or else be sucked back down to yesterday’s lows.

SITE DEVELOPMENT NEWS: The decision has been made to remove the password protection while the developers consider another solution. Meanwhile, THIS LINK can serve as your link to the site. A direct path there upon login is being programmed now. I every much appreciate how patient everyone is being with this issue, thank you.