Mid-day Update… Gotten ahead of itself.

Session-long rally already recovers its likely objectives.

Having trended down into yesterday’s close, exiting the open above yesterday afternoon’s bias-up signal formed a “session-long rally” setup. So, every timing window should probe the prior timing window’s high. Usually there’s one exception, and usually it’s the noon hour.

The noon hour probed fresh highs, so the exception will be either the afternoon bias environment or the final hour.

The bias environment is currently dipping, but it’s no too far removed from the high to probe it. Not probing a fresh high by 2:30 would be likely to probe fresh highs before the close. Probing fresh highs before 2:30 would be free to reverse down through the close.

Meanwhile, the room for noise above the past week’s highs up to 2525.25 has been exceeded up to 2539.25. Closing above 2525.25 would put into play 2548.00-2555.00. Closing under 2490.00 would reverse today’s rally.