Mid-day Update… Resume the position.

Morning’s rally has been corrected.

After rallying this morning to 2269.50, the 2264.75 pullback target was met. Ninety minutes ago. Repeatedly piercing it by 1 tick — and by 1 errant tick — atill has room for noise down to 2263.50. That’s this afternoon’s bias-down signal, and it didn’t trigger.

Meanwhile, this morning’s pattern had been likely to test 2264.75. And the likely resolution resolution to its test is to resume the morning’s rally. Price has firmed to test 2266.00, and is free to accelerate its pace.

This being a no-bias environment, this afternoon’s 2270.00 bias-up signal should define the window’s upper-end if tested. Regardless, extending to retest the 2273.00 prior high would target 2275.50 and possibly 2278.25. There’s no bullish reason not to resume the rally coming out of the bias environment.