Mid-day Update… Attraction above.

Morning’s objective still outstanding.

Holding this morning’s test of its 2356.75 bias-down signal put into play an offsetting test of the 2366.00 bias-up signal. The morning’s 2363.25 high was corrected down to 2358.00, and now the morning’s high is being attacked.

This afternoon’s 2362.00 bias-up signal didn’t hold or trigger. This is a noN-bias environment. The setup doesn’t encourage rallying, but neither does it prohibit it.

Hovering around 2362.00 until the noN-bias environment starts lapsing often behaves as if the bias was just signaled. The bias environment can’t dip too deeply to maintain that potential.

Extending higher would target a probe above yesterday’s highs. It would not require closing any higher. Yesterday’s two reactions down help to explain the hesitation in recovering already. But fresh highs remain likely so long as 2358.50 now holds as support.