Mid-day Update… Prove it.

Testing big resistance, or breaking it?

This morning’s noN-bias environment wasn’t required either to extend or to reverse, so it did neither. Or both. Whatever it did was noise, lacking sponsorship that would have signaled its intent at either 10:15 or 10:30.

But the overnight rally had resumed when the bias environment began lapsing at 11:30. It was already firming when the bias environment lapsing lapsing came within view 10-15 minutes prior. A sell signal at 2784.25 was only touched but not triggered, and then became the launchpad to testing 2793.00 during the noon hour.

Probing this afternoon’s 2793.00 bias-up signal by 1 point at the noon hour’s 2794.00 high still didn’t trigger it. In fact, once again today has triggered nonN-bias. So, there’s no requirement to extend or to reverse, or not to.

In addition to being this morning’s bias-up target, and this afternoon’s bias-up signal, 2793.00 is a relevant objective of the rally. Last week’s pattern of reversing down from fresh highs is still influential, especially after having held another bias-up signal touch like last night. A dip back into this morning’s range at 2786.00 can’t be discounted. breaking under this morning’s range probably can’t be recovered.