Mid-day Update… New heights of complacency.

Hovering at fresh relative highs.

The overnight rally began with Europe’s opens triggering a break above 2262.00. It ended with the open’s surge up to 2269.50. That was the open. the balance of the morning worked its way back down to 2263.50.

Firming through the noon hour is retesting what had been this morning’s 2267.25 bias-up signal. Its resistance was obviously influential then, and it/s clearly influential now. Its test is also not reversing down.

RSIs are stuck and not reflecting any sponsorship. This hesitation isn’t so close to the 2273.00 high to be labeled “pessimism,” but it is bordering on being “complacency.” Still not rallying out of the bias environment would try attracting strong buyers below at 2260.50-2262.00.