That’s the end of (one of) that.

There is no second bite at this apple. Or at the other.

The test and retest of this morning”s 2076.25 bias-down target has recovered to enter the noon hour unchanged around 2086.50. That”s back above yesterday”s low, and back above this morning”s 2083.50 bias-down signal. 

But it”s still flat with yesterday”s close. And it”s still under the opening surge”s 2090.00 high. Entering the noon hour above both would have helped to confirm whether sellers were done, because that would have confirmed momentum reversing up. Now, that much confirmation would require exiting the noon hour above yesterday”s 2092.75 final hour high.

Or, else what? Exactly. Or, else.

Exiting the bias environment above its fulfilled bias-down signal should trap shorts. It is the ultimate example of a timing window template — not just containing a failed trending effort, but that trending effort failing at relevant support. 

But, new sellers can still arrive if counter-trend buying sponsorship doesn”t arrive on a timely basis. Containing that failed trending effort creates opportunity, exploited either by entering the noon hour at fresh session highs, or by exiting the noon hour at the prior timing window”s high. 

Not exploiting that opportunity would leave a vacuum. The market abhors a vacuum, and it will suck in more selling pressure to extend the decline if buyers aren”t retaking control now.