Mid-day Update… Ballast dropped.

Expiration distribution should be done.

Somehow, the market often finds a way to honor even its most contradictory commitments. The morning’s bearish WedEX influence kept the recovery from overnight lows from gaining traction back into positive territory. And the WedEX’s influencing lapsed as the bias environment exit rallied through overnight highs to 2808.75, isolating another timing window’s probe under Thursday’s lows.

The bullish Isolation seems to have been recharged with another failed attempt to break lower. The reward for having absorbed more sellers is still the recovery of last week’s 2818.00 highs. Not relentlessly, but with only temporary corrections that keep intact the ongoing series of higher highs and higher lows off this morning’s 2796.00 low.

Meanwhile, this morning’s 2806.50 bias objective is neutralized, and a very late bias-up has triggered to put into play a new objective at 2812.50. Back under 2803.75 would start to signal another detour underway.