Mid-day Update… More to come?
Bouncing, still within the context of a correction.
Bouncing this morning from 2023.00 up to 2029.00 resolved down to 2021.25. But only briefly, as the dip was recover faster than it had developed. Attacking 2029.00 was consolidated. And then it broke higher.
The break higher targeted 2035.25. A 9-point surge is testing it up to 2036.75. While still well in negative territory.
Back under 2032.00 would signal the bounce had ended, probably reversing down to probe fresh session lows. But extending much higher first, through 2038.00, would start to suggest a bigger rally is underway.
