Mid-day Update… Real, or false?

Noon hour breakout sitting at resistance.

The likely reward for maintaining the gap up was to retest Friday’s high up to 2681.50. Rallying through the noon hour’s entry pierced the 2677.50-2678.75 highs. Its correction then surged through the noon hour’s exit to touch this afternoon’s 2684.50 bias-up target.

2684.50 was tested as support after extending to 2687.00. Exceeding it by 1 point at the 1:20 bias timing window renewed the bias-up signal. Despite barely exceeding 2684.50, the signal is credible. It’s official, if not entirely reliable.

Back under 2683.00 would start to signal momentum reversing down. Still holding up into the final hour’s entry would be extremely unlikely to close back under 2672.00. And closing above 2681.50 would put into play the next higher objectives at 2715.00-2722.00.