Second-best-bullish scenario now up to bat.

Morning recovery delayed too long, but the door remains open.

The reaction down from quickly tested 2051.50 tested and retested the 2044.00 bias-down signal as support. Having avoided triggering through 10:15, and having held another test at 10:30, it was likely to define the bias environment”s lower-end.

And it did. Not immediately — not without backing-and-filling that was this morning”s second likeliest bullish scenario — but it held. The bias environment began lapsing at 11:30 with a retest of Friday”s 2050.50 cash session close.

The market is still in negative territory. But there is now “unfinished business above,” the offsetting test of this morning”s 2055.75 bias-up signal. The extra time spent absorbing more selling pressure should convert into a rally through the noon hour. 

So, another test of 2044.00 would start to suggest a deeper detour before fulfilling the unfinished business above.