Stuck in a rut.

Typical pre-holiday noise.

The pre-open plunge held its test of this morning”s 2123.25 bias-down signal. It was tested and retested pre-open, then tested again post-open for good measure. Its recovery tested 2128.00 several times to be fair.

But that didn”t extend higher to 2133.00, whose test is required for having held 2123.25. Instead, 2123.25 has been attacked again. Breaking under it would target 2121.75.

Regardless, 2133.00 has become unfinished business above. Its eventual test is required. Not necessarily today — there”s no particular timing to that, not on any day, let alone this low-volume pre-holiday session.

Nevertheless, back above 2126.00 (being tested now) would start to signal the late-morning dip was being retraced. Just returning to 2128.00 would make fresh session highs likely, presumably including 2133.00.