Mid-day Update… All gapped up, nowhere to go.

Holding support at yesterday afternoon’s highs.

The pre-open and opening tests of 2390.75 reversed down through the first hour. Yesterday afternoon’s test of 2386.00 as resistance became this morning’s test as support. And it held. It continued holding through a noon hour test, too. Just dipping back under 2387.00 would signal momentum reversing down. It was tested by more than 1 point during the noon hour and held.

Unfinished business below from this morning at 2382.00 could be tested quickly if given another opportunity. Support at 2386.00 has been chipped away, and the next timing window’s retest would be likelier to break through it.

Speaking of which, the next timing window has arrived. The afternoon’s 2389.75 bias-up signal was touched at noon, and didn’t trigger. It’s being attacked now to within 3 ticks,and likely to define the bias environment’s upper-end if tested. This being Friday afternoon, breaking it at any time might deserve some benefit of the doubt. And a tight stop.

It wouldn’t be surprising for unfinished business below to be left behind. The afternoon may drift up in anticipation of getting the result it wants from this weekend’s French election. But the burden of proof is on buyers.