Mid-day Update… Blow-out.

Noon hour rally, target nearly met.

This morning’s 2416.50 bias-up signal held through 10:15 to avoid triggering, which put into play an offsetting test of its 2408.00 bias-down signal. Never happened. In fact, the opening 15 minutes 2412.75 low was never touched again.

2416.50 still defined the bias environment’s upper-end. Until it started lapsing. Then a breakout compensated for its delay. Another 2 points were added between the noon hour exit to 2425.50, and the afternoon bias environment entry at 1:30. It has improved to within 3 ticks of the 2426.50 bias-up target.

Reversing down immediately is possible. This pattern’s top remains vulnerable if not also likely to appear abrupt in retrospect. That turn could take a little more time to develop than this, but it’s not required. Meanwhile, closing today above 2424.25 (and confirmed tomorrow) would signal a much bigger rally leg underway — despite the recent narrow range not forming an optimal base.