Mid-day Update… Made it!

Probing new highs.

The bias environment’s 61.8% retracement back down to the 2258.25 low did quickly recover back up to the 2266.00 bias-up signal. Hovering there until coming within view of the bias environment exit — and only until then — suddenly broke higher to the 2271.25 bias-up target.

And then higher. The 2273.00 prior high was tested just before noon. The noon hour touched 2277.00. The 2274.25 bias-up signal did trigger, but it was invalidated by breaking under it at 1:30 down to 2273.00. That hasn’t prevented a bounce back up to 2276.25.

Back under 2273.50 would start to signal this bounce off of 2273.00 is only obligatory. If today’s rally is going to avoid a new trend high close, then this afternoon’s bias environment should start the process. Regardless of its resolution, there is no unfinished business above.