Mid-day Update… Clinging to the high.
No new bias-up, but an attraction above.
This morning’s bias environment had recovered up to 2552.25. Lapsing broke higher into the noon hour up to 2553.25. Being both Tuesday and Wednesday’s high, its resistance is likely only obligatory. So far, so true, as the noon hour’s dip to 2550.50 has been recovered back up to 2553.25.
This afternoon’s bias-up signal didn’t trigger. Neither did no-bias. This is a noN-bias environment that isn’t restrained by the bias signal or attracted to the bias target.
As it happens, this morning’s 2557.00 bias-up target became “unfinished business above.” And it remains in-play so long as pullbacks now hold 2550.25 as support.
