Mid-day Update… No rush.

Hovering above prior highs would satisfy objectives.

The post-open dip to 2064.00 had been recovered to the open’s 2070.50 high. A break higher as the morning’s bias environment began lapsing extended to 2073.75. Dipping into the noon hour consolidated between 2068.00-2071.00, triggering no-bias.

The high’s RSIs aren’t entirely overbought to require its retest. But ranging narrowly sideways through the close isn’t as likely as printing fresh highs — targeting 2074.25-2075.00. Perhaps the Beige Book release at 2:00 would be a catalyst.

Dipping back down into the range could still fulfill the “unfinished business above” of a new trend high close. Preferably, that close would be above the opening range’s 2070.50 high, since the open’s range was overlapping the prior high.

The rally might extend even higher, but it wouldn’t be required. This isn’t a Friday, but exiting the afternoon’s bias environment above prior timing window’s highs (i.e. 2073.75) would be bullish. Reacting down from Beige Book would still be likelier to recover.