Mid-day Update… Onward and upward?

Post-open dip recovered and reversed.

Nothing about the opening dips suggested that their sponsorship was strong-handed. That doesn’t prevent dipping, but the recovery tends to be aggressive. And it was.

Testing this morning’s 1871.50 pullback limit launched a reversal that probed fresh session highs at 1887.00 going into the noon hour. That was extended up to 1891.50 coming out off the noon hour.

Exiting the bias environment at 2:30 above 1891.50 would essentially marginalize sellers for the day. Fresh highs targeting 1907.00 and potentially 1920.00 would be in-play.

Back under 1886.00 would start to signal no further upside for today, and potentially a slide to the 1873.00 area.