Mid-day Update… Holding up.

Still overlapping overnight highs.

Holding the 2027.00 bias-up signal’s test didn’t require an offsetting test of the 2017.00 bias-down signal since that was touched during the open. There was room for noise down to 2017.00 nevertheless, but it was barely attacked to within 2 points.

Now the bias environment has lapsed, and 2027.00 is being retested as resistance. Recovering it through the bias environment lapsing would have resumed the overnight recovery. Absent that, its proxy would enter the noon hour above the morning’s 2030.00 highs.

Neither condition was met, although sellers haven’t retaken control.

Being the noon hour, fresh highs can be probed above 2030.00 without requiring further reward. And probing under 2023.00 can target fresh post open lows down to 2012.00 or lower. Anything in between is not predictive, except that delaying another upleg could easily default to at least a momentary fresh session low.