Settling up.
Tomorrow morning”s report is inhibiting volatility.
This morning”s bias environment eventually probed above 2053.25 fresh highs at 2055.00. It was pretty choppy getting there. And pretty temporary — the noon hour dipped to 2048.50.
Anxiousness ahead of tomorrow”s pre-open Employment Situation report is probably paralyzing price action to some degree. I suspect any bias will be optimistic. In fact, now 2055.00 is being attacked to within 3 ticks.
Meanwhile, this is a no-bias environment. But the next hour could test the 2056.50 bias-up signal without becoming bearish “no-bias trending.” And above there would target 2059.00-2060.00, or higher. Back under 2051.00 would start signaling a retest of the opening range around 2044.50.
