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Unenthusiastic lack of enthusiasm. – If, Then… Market Timing

Unenthusiastic lack of enthusiasm.

Push lower runs out of sponsors, but isn”t reversed.

The open”s dive to 2091.25 was probed to 2089.50, after an interim bounce to 2097.50. The lower low not only recovered to the interim high, but also probed it up to 2098.00.

Like last night, price action is trading choppily and lower, but don”t blink or you”ll miss it.

And, also like last night, recovering fresh lows hasn”t equated to attracting fresh buyers.

So, this morning”s 2088.00 bias-down target becomes “unfinished business below” which requires an eventual test.

The bounce has reacted down more than 6 points to 2091.75. Back above 2096.500 would start opening the door to probing positive territory this afternoon. Probing, and and probably trending. Otherwise, the attraction to 2088.00 remains intact, now likelier to be probed as low as 2077.00.