Mid-day Update… New highs, old sponsorship.

The rally persists, but without a corrective refueling dip.

This morning’s 2185.00 bias-up signal held as support when tested during the morning’s bias environment. The plunge that tested it stopped suddenly and reversed up gradually. The earlier pattern at 2191.25 requiring a retest was then probed into the noon hour.

The room for noise above 2185.00-2186.00 up to 2192.00 wasn’t very influential as the rally extended through the noon hour. Now 2195.25 has been touched, while triggering this afternoon’s 2192.50 bias-up signal.

It’s too late to invalidate the bias-up, targeting 2199.50. But bias-up can be invalidated by exiting the bias environment back under the 2186.50 bias-down signal — so long as 2195.25 isn’t yet probed. Otherwise, a fresh high would entrench the uptrend.

Currently, a 2193.50 pullback limit is being tested, and back under 2192.50 would reverse momentum down to at least test 2188.25. None of which alone would yet invalidate the upside.