Mid-day Update… No holding back the holiday cheer.

Post-open slide’s recovery is probing higher.

The pre-open premature break up to 2024.00 had become a false break. Occurring just 15 minutes prior to the open instead of at the open made all the difference between attracting new sponsorship or repelling it. The reaction fell to 2011.00.

But the 2015.00 bias-down signal avoided triggering, and the balance of the bias environment firmed to attack its bias-up target to within 1 tick at 2022.00. The noon hour firmed to probe a fresh high at 2025.00.

That’s quite a bit above the 2006.00-2007.00 line in the sand which would reinstate the attraction back to Friday’s 1991.00 low. And it’s already quite a bit closer to the 2027.00 potential upside.

Getting too far ahead of the seasonal holiday bullishness too early? A preemptive dip to test 2017.50 would help to preserve the upward trending.

Otherwise, the risk is stretching the rubber band, either to surge through the range’s 2027.00 upper-end, or else inverting back down to the range’s 2006.00-2007.00 lower-end.