Mid-day Update… Easy does it.

Eking higher.

This morning’s 2590.50 bias-up target was put into play. Its bias-up signal was triggered late, but it was triggered. And price action since then has been a series of higher highs and higher lows keeping the trend intact.

2589.00 is being tested now. This afternoon’s 2588.00 bias-up signal triggered a grace period like this morning. But that ended with an ongoing test of 2588.00 to avoid triggering either bias-up or no-bias. Momentum remains intact, barely.

RSIs aren’t overbought into the current highs. The target gets every benefit of the doubt for being tested, but no for avoiding a reaction down. Watch out below if 2590.50‘s test is accompanied by negative divergence AFTER an RSI gets oversold again.

Regardless of the “unfinished business above,” exiting the bias environment under 2586.00 would start to signal a deeper pullback already underway. Otherwise, there’s still also potential for fulfilling the new trend high close requirement today.