Wills and ways.

No-bias invalidated.

I was suspicious of this morning”s no-bias signal. The opening 15 minutes of volatility had been exited above yesterday”s highs, which can marginalize sellers.

But that didn”t prevent dropping to 2073.75 up to 10:15. Testing but not triggering the 2080.00 bias-up signal had put into play an offsetting test of the 2068.00 bias-down signal.

But without any deeper consequences after 10:15, exiting the bias environment above 2080.00 would invalidate the no-bias. And after rallying to 2083.75, the bias environment began lapsing at 11:30 about 1 point above 2080.00. The no-bias is invalidated. The 2068.00 objective is moot, and doesn”t become unfinished business below.

Entering the noon hour back under 2080.00 would still make 2068.00 unfinished business below. Otherwise, the recovery will more likely extend higher intraday. Sellers can”t be marginalized today, so extending the recovery can”t afford much delay.