Mid-day Update… Rally takes a detour.

Sliding into and out of the noon hour.

The open’s gap up dipped just long enough to probe 1 point under this morning’s 2291.25 bias-up signal. then it quickly recovered to probe the overnight high by 1 point up to 2295.00. The bias-up signal triggered, but price only ranged narrowly back down to 2292.00 until the bias environment lapsing came within view.

Then price slid under the pre-10:15 low. That might not have been relevant, except price had never probed above the pre-10:15 high. Exiting the bias environment back at or under the open’s low invalidated the bias-up. Its target did not become “unfinished business above.”

That pattern created sell signals under 2290.00 targeting 2286.50. It was probed during the noon hour by 1 point. The afternoon’s 2288.00 bias-down signal was still being tested for long enough to trigger noN-bias.

Holding the test of 2286.50 allows the dip to be no more than a temporary detour before resuming the rally. Isolating the dip to the noon hour would have been helpful, but the reaction up was too shallow if not also too late. Regardless, the rally need not resume today, but it’s still possible so long as no fresh lows are probed.