Mid-day Update… Faking it til it’s making it.

Squeaking higher to the next resistance.

This morning’s 2728.25 bias-up target held the overnight high, and the post-open highs. Probing it momentarily by 2 points reversed down 13 points to fresh post-open lows. So, 2728.25 is kind of relevant.

2728.25 is also this afternoon’s bias-up signal. And testing it throughout the noon hour broke higher. But its 2735.50 bias-up target was being tested at the 1:20 bias timing window. Similar to this morning, which was holding its 2728.25 bias-up target.

Neither setup required holding, let alone reversing down. This morning’s setup did reverse down, but only temporarily. Reversing down this afternoon — back under 2730.25 would start to signal a reversal — would likely produce fresh session lows, perhaps even under yesterday’s lows.

Otherwise, probing fresh highs before late afternoon could extend higher, despite buyers having failed to gain traction yesterday. But there’s no requirement to extend higher, and current fresh session highs remain vulnerable to reversing down.