Mid-day Update… BIAS-UP.

Gravitating higher.

Resistance at 2936.00 was probed momentarily during the first hour, above 2938.00. But it took a return to the opening range’s 2931.50 low for another probe above 2936.00 to extend. That attacked 2943.00, and its reaction tested 2938.00 as support.

But the bias environment’s exit recovered 2940.00, and the noon hour extended to fresh highs. Now this afternoon’s 2944.50 bias-up signal has triggered, targeting 2951.75. Already a fresh high is touching 2948.25.

Interim resistance in the 2950.00 area could challenge the path to 2951.75, or else it had better support a reaction down from 2951.75. If the afternoon continues drifting higher as Friday afternoons often do, the next higher objective is 2956.00. Meanwhile, a reaction down has room to 2941.75 before even beginning to suggest momentum is reversing down.