Mid-day Update… Pumped up.
Probing fresh highs just short of a signal.
This afternoon’s 2103.50 bias-up signal was touched within 3 minutes of the 1:20 bias timing window. The grace period through 1:30 was invoked. And 2103.50 was still being overlapped.
This is a noN-bias environment. Not a bias-up with a specific higher target. Not a no-bias whose upper-end is likely to be defined by the bias-up signal.
Piercing higher to 2104.25 just 1 minute later makes no difference. Being a noN-bias, price can extend higher. But often a noN-bias environment is still restrained by its bias signal, similar to a no-bias.
Often, a noN-bias environment simply ranges narrowly at the bias signal. But this pattern only allows room down to 2100.50 before starting to signal momentum reversing down.
Yesterday’s traction was rewarded by this morning’s uptrend to a fresh high. Only one door remains open to rejecting yesterday’s close above 2088.00, which is to close back under 2088.00 today.
