Mid-day Update… Option C.

Sideways is a direction, too.

Especially on Fridays, a failed early trending attempt tends to marginalize its sponsorship. Sellers attacked the overnight range’s lower-end down to 2919.25 while testing the 2919.50 bias-down target as RSIs diverged positively. That alone would undermine sellers, but the 2924.50 bias-down signal also failed to trigger.

So, sellers are marginalized. The bias environment recovered up to 2934.75.

The noon hour was flat-to-lower, dipping 5 points. And now this afternoon has triggered no-bias. The next hour may range sideways, or flat-to-higher. There’s room up to the 2838.25 bias-up signal without requiring retracement back down.

Resuming the rally when the bias environment is lapsing would be entirely credible for extending higher into the weekend. It wouldn’t be required, drifting lower can’t be ruled out, but ranging sideways into the weekend is only slightly likelier.