Mid-day Update… Putting down roots.

Not rejecting bias-ups.

The post-open slide back down to this morning’s 2557.75 bias-up signal had held as support, piercing it by 2 ticks.A bounce tested 2559.75 resistance, by 2 ticks. Its reaction down touched the morning’s low and bounced again.

The second bounce has been more productive. Its test of 2559.75 resistance extended to touch this afternoon’s 2561.25 bias-up signal. It was still being tested (at least, to within 1 tick) at both 1:20 and 1:30 to trigger noN-bias.

This afternoon’s bias environment is neither a bias-up nor a no-bias. The bias-up target is not required to be met, and the bias-up signal isn’t required to contain the window’s upper-end.

Meanwhile, a buy signal is already in-play. The pre-open 2562.25 “new Globex trend extreme” and this morning’s 2566.50 bias-up target both require an eventual test. And fresh afternoon highs are now attacking 2562.00. There’s no requirement to extend their tests, but the resolution to their tests will be very predictive near-term.