Still digging.

Afternoon probing fresh lows.

This morning”s bias environment was exited at 11:30 under its 2080.50 bias-down signal. Recovering it into the noon hour would have qualified as rejecting its outstanding 2069.75 renewed bias-down target. A bounce tested 2080.50, but only by 3 ticks and no higher than its first 3 minutes before entering the noon hour below it.

2069.75 was just met. It”s this afternoon”s bias-down target, and it”s being probed down to 2067.00.

This morning”s price action is the best example of what I was referring to over the past couple of weeks, when I have noted the price behaviors suggesting an opportunity-rich environment is coming. 

Here”s an opportunity to test whether that environment has arrived. Big intraday swings means just that — swings. Having swung down, fulfilling targets, with RSI diverging positively, a significant rally is possible.

Back above 2070.25 and 2076.50 could extend into positive territory. Today. But either one or both that touched must then be exceeded coming out of the bias environment to maintain the recovery. Otherwise, the trend remains down, next targeting 2064.00-2064.75.