Mid-day Update… Hurried up to wait.
Still consolidating the post-open’s surge.
Yesterday’s 2936.00 highs held as support as the morning’s bias window lapsed. Sellers did not regain control. This doesn’t prevent dipping anyway to 2933.00-2934.00, but probably still recoverable due to the morning’s position of strength holding above 2936.00.
Meanwhile, this is a no-bias environment. It’s a little late for “no-bias trending” to probe higher, so the next 45-60 minutes is likely to range sideways. Hovering until then at or under the 2941.50 bias-up signal would be vulnerable to breaking higher through the close.
In the bigger picture, the pattern all but requires probing fresh highs. Nothing can prevent another detour down — whether limited like the past several opening surges met, or something more protracted like the prior week. But the next higher objective is 2947.50-2950.00, and then potentially 2975.00-2977.00.
