Mid-day Update… Defying gravity?

Upholding session highs.

Potential for extending this morning’s rally to 2428.00 was fulfilled to within 3 ticks during the bias environment. It was probed by 3 ticks during the noon hour. And now it was overlapped during the afternoon bias timing window.

2428.00 being the afternoon’s bias-up signal, still overlapping it at both 1:20 and 1:30 has triggered noN-bias. Most noN-bias environments behave like a no-bias, holding the bias-up signal’s test. Some would extend higher to fulfill the 2433.00 despite it not being put into play.

Rejecting the bias-up signal’s test isn’t required by a noN-bias or a no-bias, not when triggered during the afternoon. But a reaction down is still possible, and would be very credible back under 2426.00 for reversing the trend down aggressively.

Reversing down would likely be aggressively, anyway, to offset the delay. But although this morning’s no-bias environment’s upper-end defined by its 2426.50 bias-up signal, its probe above Friday’s 2425.00 high wasn’t isolated. And the open’s isolation of the overnight probe ran into a bullish setup by holding/overlapping tests of Friday’s 2421.50 and 2423.00 prior lows.

Extending higher would next target 2433.00, and still qualify as a corrective bounce. Back under 2426.00 would signal the corrective bounce had ended.