Mid-day Update… Up, but not out.

Probing new highs has run into a no-bias.

Maintaining the 2127.50 gap up through 9:45 had anchored the rally to prevent a reaction down from drifting off course. In fact, a blip-down touched 2125.25 and soon recovered back to and through the open’s 2132.50 high.

Firming attacked 2135.00 before the noon hour began, and 2137.00 before the noon hour ended. Not yet rejecting fresh extremes 40-45 minutes through the noon hour is essentially another anchor in case the rally drifts lower again.

This afternoon’s 2136.25 bias-up signal didn’t trigger, so extending higher isn’t likely until the bias environment begins lapsing. Room is available down to this afternoon’s 2129.00 bias-down signal need not be exploited fully.