Glass half-full.

Noon hour surge has an opportunity… and a risk.

The bias-down environment”s probes above its 2106.50 bias-down signal never extended higher than their first 3 minutes. Their reactions down held the 2104.25 sell signal that would have resumed the decline. The bias environment lapsed at or under 2106.50, leaving no unfinished business below.

Firming into the noon hour then surged to 2114.00. Any fresh high would target 2115.00, which happens to be this afternoon”s bias-up target, i.e. resistance. Its test would be vulnerable to reversing down sharply. But exceeding it through 1:20 would renew the bias-up signal.

Renewing the bias-up signal would be entirely appropriate. Absorbing this morning”s sellers was likely to launch an obvious rally leg. The noon hour”s singular probe into positive territory hardly suffices. Not triggering this afternoon”s 2110.00 bias-up signal at 1:20 could be the last opportunity for avoiding new highs.