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Mid-day Update… More targets met. – If, Then… Market Timing

Mid-day Update… More targets met.

Still on the open’s buy signal.

Opening at 2791.00 ultimately held a test of this morning’s 2894.75 buy signal through 10:15. That put into play an offsetting test of this morning’s 2803.50 bias-up signal. The objective was probed up to 2806.75.

A dip touched 2803.50 and resumed the rally into the noon hour. And out of it. This afternoon’s 2809.00 bias-up signal has triggered, putting into play its 2816.75 bias-up target. Already, 2814.00 has been touched.

A lot of calculable buying pressure is being satisfied by fulfilling objectives and targets. Bigger picture structural objectives are being neutralized at 2809.00 and 2813.00 prior highs. No sell signal has triggered, but direction can reverse quickly when sponsorship starts waning.

Back under 2809.00-2810.00 would start to warn of a different sentiment forming. But the trend otherwise remains intact and up.