Mid-day Update… Holding up. And out.

Filling the gap back to the close, feeling its resistance.

The initial post-open probe under overnight lows has recovered to fill the gap back to yesterday’s 2097.00 close. The 2099.00 bias-up signal wasn’t touched before triggering no-bias, so extending higher will need to be delayed until the bias environment begins lapsing at 2:30.

Overbought RSIs at the recovery high require its eventual retest. The balance of the bias environment may simply hover back down to 2095.00 awaiting that window for extending higher. A deeper reaction has room down to 2093.00 before suggesting anything more substantial underway.

Regardless, extending higher at all today would be vulnerable to extending higher aggressively. Sunday night’s 2103.75 “new Globex trend extreme” requires an eventual intraday retest, and the delay may be compensated by probing well above it. Still not rallying during the final hour would start to look toppy.