Mid-day Update… Big news coming, tomorrow.

Earlier optimism wasn’t very contagious.

The opening 15 minutes of volatility had trended up to 2162.00, maintaining a gap up above yesterday’s highs. That enabled trending higher today before the last 60-90 minutes. But trending higher wasn’t required.

A drop back down to 2154.00 had put into play a test of 2150.50. It could have been invalidated back above 2159.00 by 10:30, or above 2162.00 by 11:30-noon. Neither condition was met, so the test of 2150.50 becomes “unfinished business below” that requires being retested eventually — probably along the way to retesting Tuesday morning’s oversold RSIs at 2141.50.

Meanwhile, the noon hour briefly touched 2163.50 before dipping back down to 2158.00. Neither of the 2157.50-2165.25 bias signals was touched, so this is a no-bias environment. Trending beyond either signal could resume as the bias environment begins lapsing would be free to trend.

Thursday afternoons prior to Friday morning’s Employment Situation report can become paralyzed by anxiousness.That may define this afternoon’s price action. But back above 2161.25 and 2164.00 would be vulnerable to trend higher.