Round two, or rewind some of round one?
Next lower objective met, and — so far — held.
The ongoing series of lower lows and lower highs never violated a bounce limit since the open triggered the 2115.75 sell signal. Tested bounce limits, but never higher than the first 3 minutes. And RSI positive divergences have resolved down.
That may be changing now, now that the 2099.75-2100.50 target area has been met. Now that the target area”s test is being accompanied by RSIs diverging positively. And now that a timing window is in-play.
The actual low at 2100.25 printed within 10-15 minutes of the bias environment lapsing at 11:30. Price and technicals can now represent one sponsorship waning, and a new sponsorship arriving.
My 2103.00 buy signal is being probed now, up to 2106.75. There”s enough time to enter the noon hour above the entire 2106.50-2110.00 range, which would seal a bottom — but that”s still difficult with 1-minute RSI already overbought.
