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Still molehills. – If, Then… Market Timing

Still molehills.

Choppy ranging persists through noon hour.

Testing the morning”s 2095.50 bias-up signal at 10:30 held, instead of invalidating the no-bias environment. Failing to hold 2093.00 targeted a pullback that attacked the 2086.50 bias-down signal to within 3 ticks.

Its reaction up to almost 2093.00 has been retraced to a fresh low that is actually piercing under 2086.50.

But the afternoon”s bias-down signal is deeper now at 2084.50. It doesn”t require being tested, let alone triggered. Today”s session hasn”t formed any predictive pattern that might otherwise indicate some objective beyond the range. So, there”s also no requirement to bounce.

Triggering the 2084.50 bias-down signal would be credible for probing under yesterday”s lows, probably down to 2077.00. Having originated from strength, the visit would likely recover quickly. Testing either of these levels would allow a buy signal to be considered. Meanwhile, no buy signal will be considered under 2091.00.