Mid-day Update… Potential.

Plenty of room to the upside.

Extending down overnight was already stretching the correction scenario. Extending down this morning jeopardized recovering altogether.

Extending down to 1890.00 helped to restart the recovery potential. Bouncing back to 1898.00 helped to seal a bottom. Exiting the bias environment probing fresh highs made it formal.

Now after ranging around the afternoon’s 1905.00 bias-up signal, the afternoon’s noN-bias environment is breaking higher. The 1914.00 lower-prior high that could have ended the overnight slide is now being tested as resistance.

Exiting the bias environment in rally mode could recover the balance of yesterday’s drop before today’s close. Pullbacks holding 1909.50 would remain likely to extend the recovery. Back under 1905.00 would start to suggest otherwise.