Mid-day Update… Holding up.

No collapse yet, but not extending either.

Exiting the morning’s bis environment and/or entering the noon hour under either 2553.25 or also 2550.00 would have been likely to trend down sharply during the afternoon.

The bias environment exit did probe back under 2553.25. But not a lot, and not for long. No lower low has developed, but neither has a higher high. This morning’s 2555.50 high has been touched again, but not pierced.

The vulnerability to trending back down remains alive so long as the afternoon bias environment isn’t exited in rally mode. Otherwise, there’s no requirement to extend up, only a vulnerability.