Mid-day Update… Aaaand, we’re back.

Corrective dip rallies hard off its target.

The first hour’s choppy ranging around 2385.00 had avoided triggering the 2388.00 bias-up signal. It had also avoided touching bias-up. An offsetting test of the 2380.25 bias-down signal wasn’t required.

But it was tested anyway. A single plunge pierced it by 3 ticks. It was probed by twice that after an interim bounce failed.

RSIs diverged positively into the lower low, just before noon. Trending up relentlessly through the noon hour probed the morning’s high. It peaked upon touching this afternoon’s 2388.75 bias-up target.

Meeting the target without renewing the bias-up signal doesn’t change that this is a bias-up environment. Extending higher is possible. Back under 2386.00 would signal at least a corrective dip targeting a retest of the 2383.75 bias-up signal.

Any deeper would extend the corrective pullback. Even if the correction has ended already, nothing requires resuming the rally today.