Mid-day Update… New high not new high.

Fresh session highs attacking overnight highs.

This morning’s 2268.25 high is under last night’s highs. but it’s a new intraday high. Not unlike the overnight high — not at all unlike it, not in the least bit — entering a new timing window back under a relative low would reverse the trend down.

Okay, it’s a little unlike the overnight high. Reversing down could leave outstanding the requirement to retest the overnight high. But the door has re-opened for launching a multi-session trend reversal down. That doesn’t make it likely — in fact, failing to exploit a similar setup at the open suggests that this opportunity won’t be exploited either.

Meanwhile, this afternoon’s 2368.25 bias-up signal didn’t trigger, and is only now being touched. Probing above it during the no-bias environment would be “no-bias trending” and doomed to failure. Doomed to failure, from 2272.00-2274.00? Only if bias-up signal is probed.