A deal?

Renewed target is probed even higher.

The 2098.50 / 2099.75 renewed bias-up targets were met, and held. Price was hovering there when favorable Greece news triggered a spike up to 2108.00. That happened
to fulfill the 2104.25 unfinished business left outstanding last week.

Overbought RSIs at the 2108.00 high require its retest. But the balance off the session is vulnerable to a dip or to flat-to-lower ranging — none of which is a signal that momentum is reversing down.

It”s tempting to view today as a “session-long rally” for having exploited its gap up above yesterday afternoon”s high. But yesterday”s close didn”t comply with the setup. Still, we”re gong to monitor the timing windows for one that doesn”t probe the prior timing window”s high.

– probing higher through each until the final timing window would make that last one vulnerable to trending back down

– not probing higher during the noon hour or afternoon timing windows would be vulnerable to trend higher into the close

So, an afternoon downleg would be possible, but not currently indicated.