Mid-day Update…

Near-term and longstanding targets met.

This morning’s bias-up signal triggered, putting into play its 2452.25 bias-up target. Consolidating up to 2450.00 into the noon hour finally broke higher to meet it.

This morning’s target? That’s nothing. The MONTH-OLD “unfinished business above” at 2454.00 was met, too. And the delay in meeting 2454.00 suggested also testing its room for noise above it at 2456.50. Which is also this afternoon’s bias-up target, and was just met to within 3 ticks.

There is no “unfinished business above.” Only one condition can create any new unfinished business above — closing above prior highs, today, because today is a Friday. Otherwise, having neutralized its target, exiting the bias environment at 2:30 under 2451.50 would be vulnerable to collapsing into the weekend.