Mid-day Update… Higher highs.
Bias-up target in-play.
This morning’s rally ultimately surged to 2450.00 as the bias environment began. The bias environment exit dipped to 2443.75. That one-hour pullback is today’s only pullback, so far.
Attracted by overbought RSIs at the high, price action since then has trended back up. Extending through the noon hour and into this afternoon’s bias environment just attacked 2451.00. Now RSIs are NOT overbought.
Room for noise above 2445.00 ends at 2453.00. Overlapping it could fulfill this afternoon’s 2454.00 bias-up target (even if only to within 3 ticks). Vulnerability to reversing down is high, but meanwhile at least one new high close remains as “unfinished business above.”
