Mid-day Update… Getting positioned?

Hovering at bias environment extreme.

This morning’s no-bias signal had held a test of the 2428.50 bias-down signal, putting into play an offsetting test of the 2436.25 bias-up signal. Which was fulfilled.

Its test was likely to include 2437.50. Overbought RSIs there required a retest. that inhibited selling, which barely dipped 2 points.Fresh highs during the noon hour neutralized the overbought RSIs without creating another one.

Now we’re in another no-bias environment. This afternoon’s 2439.00 bias-up signal is being attacked to within 1 tick. If tested, it should define the bias environment’s upper-end. Hovering here into its exit could start ticking higher, and then rally into the close.

Otherwise, there’s still room down to the 2433.00 bias-down signal, all keeping within the no-bias environment. Not dipping soon would be less likely to break lower later — not altogether unlikely, sellers aren’t marginalized, but less likely.