Inch by inch.

Extending the recovery with upleg after upleg…

At this stage of the pattern, anything that doesn”t signal or endorse a decline is by default bullish. 

This morning”s 2040.75 bias-down had ample opportunity to trigger, and did not. The balance of the morning trend up to enter the noon hour testing 2048.00. This afternoon”s 2048.75 bias-up signal didn”t trigger, but an attack on it that began by 1:30 has extended to 2050.75.

The latter extension isn”t optimal, so its durability is vulnerable — especially since RSIs are oversold at this morning”s post-open 2034.25 low. Having probed a fresh session high during the bias environment, exiting it at 2:30 back under the 2044.25 prior low low would reverse the trend back down for the day.

Otherwise, a retest of last week”s 2059.00 target and the unfinished business above it at 2061.50 remain in-play.