Mid-day Update… Firming up.

Giving the upside benefit of little doubt.

The bias environment exit is probing above its 2163.75 bias-up signal. Only by a couple of ticks, and probing above it began only  a couple of minutes prior to coming within 10-15 minutes of the bias environment lapsing. So, I’m willing to dismiss that from being “no-bias trending.” Especially since this morning’s behavior suggests the rally will extend substantially today.

Meanwhile, no-bias Friday afternoons don’t often suddenly resume a morning trend. This is contrary to the morning’s suggestion of extending the rally. Back under 2162.00 would also be contrary — so contrary as to target 2155.50 and lower.