Another bounce plunges from its minimum objective.

This afternoon's 2095.50 bias-down signal was touched during the noon hour. Holding it through 1:20 signaled no-bias, making it likely to serve as the bias environment's lower-end.

That was part of a narrow 3-point 2095.25-2098.25 range overlapping the noon hour, which was not considered bullish. At least, not accumulative, so any bounce from it could only temporarily delay probing fresh lows down to 2093.25.

The potential for a false break higher was 2101.00, which a break higher pierced by 2 ticks. Then -- repeating the resolution of this morning's minimally sufficient bounce -- Its reaction down accelerated along the way to 2091.50. But the past 20 minutes have been consolidating at the 2093.25 target.

Closing under 2099.25 would essentially put into play 2077.00. Recovering 2099.25 from here and from now would require a steep surge. Otherwise, there's no requirement to extend down any deeper today, other than to neutralize the low's oversold RSIs.