Good things come to those that don’t wait too long.

Hovering pessimistically at the highs.

The reward for having absorbed the test of this morning”s 2080.50 bias-down signal has been fulfilled. Its offsetting test of the 2091.00 bias-up signal was met on the way to 2093.75.

That was 3 points above the bias-up signal which should define the bias environment”s upper-end, so it attracted price back down. Now that the bias environment has lapsed, not yet resuming the rally can be blamed on this being the noon hour.

So, the noon hour”s exit should resume the rally. And having stopped pessimistically short of overnight highs by 1 point, the contrarian setup suggests that the rally”s resumption should be aggressive.

The rally is vulnerable already to resuming, just having made it 61.8% of the way through the noon hour

The afternoon”s 2094.50 bias-up signal may yet trigger at the 1:20 bias timing window. Remember that the potential upside is substantial. Meanwhile, reacting down has room to 2088.00 before suggesting a bearish resolution instead.