Try, try again?

Morning”s recovery falls flat, but only so far.

Despite triggering this morning”s 2071.50 bias-down signal at 10:15, its recovery at 10:30 invalidated the signal. Its potential consequence for an offsetting test of the 2082.25 bias-up signal attracted price up to 2076.25.

But yesterday”s mid-morning congestion at 2071.00-2075.00 ultimately held as resistance. Its reaction down trended tried holding 2070.50, but the noon hour was entered several points lower.

Extending down to 2066.25 stopped short of this afternoon”s bias-down signal. But its reaction up to 2072.50 avoided touching the 2073.50 bias-up signal through 1:20. This is a no-bias environment.

2073.50 was just pierced by a couple of ticks, but it”s too late to trigger. Even if probed much more, it should define the bias environment”s upper-end — until the bias environment lapsing at 2:30 comes into view 10-15 minutes earlier. And back under 2069.75 would start to signal trending down as more likely.