Mid-day Update… Got there.

Attacking Friday’s pre-open high.

Testing and holding the 1946.00 bias-up target through 10:15 often identifies the morning’s peak. Not always. It’s still a bias-up environment, so not renewing the signal doesn’t prevent extending higher anyway.

And extending higher was likely. In fact, the 1951.00 renewed bias-up target was exceeded back to yesterday’s 1956.00 high, and a pullback there resolved up to attack Friday’s 1968.75 pre-open high.

Stopping 3 ticks short of touching 1968.75 is pessimistically short. That’s potentially bullish from a contrarian perspective, which keeps alive the upside. The next higher objective is not very far above at 1971.00 (+/-, probably +).

The base that launched this morning’s rally may be more productive than yesterday’s. But it’s no more durable. This afternoon remains as vulnerable as yesterday to trending back down.