Mid-day Update… Easy peasy. (Translation: Don’t get comfy.)

Relentless intraday trending is good, complacency is not.

The morning bias environment eventually probed its 2783.25 pre-10:15 high to confirm its doubly renewed bias-up signal remained intact. The window lapsed at 2796.00, and the noon hour was exited slightly higher at 2797.50.

That’s this afternoon’s bias-up signal, and it was overlapped from 1:20 until 2 minuted prior to 1:30. That was just in time to trigger “late bias-up.” Extending higher has already touched this afternoon’s 2803.00 bias-up target.

This is still a bias-up environment, so the window can extend even higher to 2808.00. We’ll watch the bias environment’s exit for signals of any vulnerability to reversing down. There’s no requirement at this stage to resolve in either direction.