Mid-day Update… Cannons et clairons.

War with Mexico ends with a celebratory event.

Il faut acheter au son du canon et vendre au son du clairon? Warren Buffet is reported to have cited this quote, “buy on the cannons and sell on the bugles.” The war with Mexico has ended — or, at least, the trade war against the world, Mexico division. Now, music!

So, the next higher objective is this morning’s doubly-renewed bias-up target at 2900.00. The noon hour attacked it to within 3 ticks, (to within 1 tick of the afternoon’s bias-up signal), while RSIs diverged negatively. The entire noon hour hovered narrowly at its highs, until exiting the noon hour in decline.

Back under 2896.00 would signal momentum reversing down. This afternoon’s 2893.00 bias-down signal would need to define the window’s extreme if tested, which could mean recovering from 2886.25 or 2883.75. Rallying through 2899.50 by 1:30 would have no such restraint on the upside.