Mid-day Update… An inverse Sisyphean task.

Pushing the boulder back down this hill is more difficult.

This morning’s 2569.00 bias-up target was being tested at 10:15 to avoid renewing the bias-up signal. A dip back down to the open’s 2566.00 low ran down the clock, waiting for the morning to end.

Rallying out of the morning’s bias environment has extended relentlessly through the noon hour. Fresh highs are touching 2572.25.

The 2571.75 overnight high’s “new Globex trend extreme” had required an intraday retest, which is now done. Its retest was likely to include 2573.50. That’s also likely due to this afternoon’s 2568.75 bias-up signal triggering, putting into play its 2573.50 target. Its test can be neutralized by coming within 3-4 ticks, which is now done.

What about that bearish WedEX influence? Yesterday’s gap down was deep enough to adjust Wednesday’s bullish signal to bearish. Its influence either way is irrelevant until Friday afternoon. We’re here.

Probing fresh highs doesn’t contradict the bearish WedEX — not so long as the close has retraced the probe. The window was entered at 2571.00, so retracing it shouldn’t be difficult, mathematically. At least 1-minute RSI is diverging negatively, and there’s no “unfinished business above.” This being Friday afternoon, counter-trend sponsorship is difficult to attract. So, reversing should be obvious soon, if at all.