Mid-day Update… The brass ring.

Another pass at breaking resistance passes.

The overnight rally touched 2169.75, then reacted down to 2161.50. Recovering through the open touched 2169.25, and this morning’s ultimate high was another tick higher. Interim reactions down tested and retested 2165.00.

This is a no-bias environment. Fresh highs may be probed, but this afternoon’s 2169.00 bias-up signal should otherwise define the bias environment range’s upper-end. A more substantial rally would be credible after the bias environment begins lapsing at 2:30.

Back under 2164.50 would still be credible for probing back into yesterday’s range. And that would still be vulnerable to becoming a new downleg.