Mid-day Update… Climbing the wall of what’s the hurry.
Finally probing the open’s highs.
The morning’s bias environment exit was probing a couple of prior relative highs, but not yet recovering the open’s surge. That would have been a more bullish setup.
The afternoon’s 1934.25 bias-up signal was attacked to within 1 tick during the 3 minutes either way of the 1:20 timing window. That would have been more bullish, too.
1934.25 was being pierced at 1:30 to essentially invalidate the no-bias environment. A little more decisively would have been a lot more bullish.
None of which has prevented extending anyway back through the overnight high to touch the 1939.75 bias-up target. If not for the market’s ongoing bullish context, we might not be participating in this afternoon’s move.
