Mid-day Update… Eagerly awaiting.

Greeting FOMC events optimistically.

Holding a test of this morning’s 2921.25 bias-down signal had put into play an offsetting test of the 2926.75 bias-up signal. This was regardless of having attacked 2926.75 to within 1 tick at the open.

2926.75 was tested, and its test defined the window’s upper-end until the bias environment began lapsing. Probing it up to 2929.00 was corrected, and now the noon hour is being exited at 2930.00.

2-3 healthy moves. But so far, only noise within yesterday’s range. As it should be, if not already breaking out much earlier, ahead of this afternoon’s FOMC events. Moves are likely to accelerate and extend, so we’ll be keeping up with them in real-time in the chaRTroom.