Mid-day Update… Mighty mo.

Upside momentum persisting through the noon hour.

This morning’s 2258.25 bias-down signal was attacked to within 1 tick. Not touched. So, no offsetting test of its 2266.25 bias-up signal was put into play. Not officially. But its test was still likely for other reasons that had marginalized sellers.

If tested this morning, 2266.25 was required to define the no-bias environment’s upper-end. But it wasn’t touched.

2266.25 is this afternoon’s bias-up signal, too. It was being attacked to within 3 ticks at 1:20. Not triggered, not touched in time to invoke the grace period, and not exceeded at 1:30 to invalidate its no-bias.

If tested this afternoon, 2266.25 should define the no-bias environment’s upper-end.

Actually, it’s being tested now. Still being overlapped, which qualifies as defining the upper-end. So it’s not “no-bias trending.” It’s possible — we can go weeks and weeks without any no-bias trending, and we’ve had two already this week.

Trending higher after the bias environment begins lapsing at 2:30 would be credible for extending higher into the weekend. Meanwhile, a shallow pullback could slow-play the rally until that path higher clears. But back under 2362.00 would start to suggest momentum is reversing back down.