Mid-day Update… Above and beyond.

Extreme target met, exceeded, and then some.

Having managed the pre-open breakout attempts above 2914.75 to restrain optimism, any early rally attempt was likely to extend. And any rally attempt not rejected would target the 2926.50-2928.00 room for noise above.

That became official by renewing the bias-up signal above its 2920.25 bias-up target at 10:15. It was tested before coming within view of the bias environment lapsing. And it was probed up to 2932.00 as the bias environment began lapsing. On the way to attacking 2940.00 soon after noon.

Its reaction down stopped 1 tick short of rejecting the afternoon’s 2935.00 bias-up signal, which was triggered. Its 2942.75 bias-up target is in-play. It would become “unfinished business” if left outstanding, unless the bias environment were exited under its 2927.25 bias-up signal.

We’ll review the bigger picture during the Market Wrap, specifically the retest of Sep-Oct highs and the potential for new highs to be reversed aggressively.