Second consecutive no-bias at higher highs.

Not a lot of sponsorship to this rally.

[pay]The spike’s 1314.00 high was eventually tested. Twice, just minutes before noon, and then during the noon hour. The 1314.50 bias-up signal’s resistance was touched.

The 1312.50 interim low was probed into the noon hour’s end. The dip hasn’t recovered, and the noon hour’s 1312.00 low is still being probed.

It’s getting late to reject this morning’s rally enough to allow time for a downleg back under yesterday’s close. Back under 1311.00 would suggest at least that gravity was having an effect.

But sellers would start gaining traction back under 1309.50 and 1308.25 through relevant timing windows.

This pattern doesn’t require trending in either direction again today. Exiting the afternoon without sellers gaining traction would be likely to range sideways into the weekend.

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