Mid-day Update… A bigger bounce.

Morning’s bounce has extended.

This morning’s 2203.75 bias-up signal defined the bias environment’s upper-end, but only for as long as was necessary. A brief dip within 10-15 minutes of the bias environment lapsing was resolved by resuming the rally up to 2208.00.

Now the afternoon’s 2208.50 bias-up signal is being touched. It should define the afternoon bias environment’s upper-end — at least until coming within 10-15 minutes of the bias environment lapsing at 2:30.

Not yet resuming the decline for this long suggests that a bigger detour is underway. “Unfinished business above” at 2210.50, 2211.50 and potentially also 2220.00 are all possible on this rally leg. Albeit a temporary rally leg, since yesterday’s action all but ensures probing eventually under 2192.00.