Mid-day Update… Position of strengthiness.

Surging into the noon hour ahead of the news.

When this morning’s bias environment was finally in view of lapsing, its 1987.50 bias-down signal finally stopped restraining a recovery. Its break extended up through prior highs to test 1910.00 into the noon hour.

A pullback to the 1900.00 prior highs has prevented triggering the 1905.50 bias-up signal. This is a no-bias environment. Exceeding 1905.50 through 1:30 would invalidate the no-bias. Probing above it later would be required to retrace.

Meanwhile, the FOMC policy statement is a half-hour away. Volatility is likely to explode in reaction. Testing 1913.00 before reversing down would be likelier than simply trending down, while trending up through 1913.00 to 1924.00 is possible.