Mid-day Update… Running away with it.

Open’s wide range resolves up.

Two tests of the 2787.00 area — three, including the pre-open high — resolved up to 2793.00. Consolidating back down to the 2787.00 area resolved up through its 2793.00 resistance, extending to 2801.25.

This afternoon’s 2795.75 bias-up signal has triggered, putting into play 2802.00, now being tested to within 3 ticks. More so, a correction of the entire October downleg is no in-play. Its minimum objective is 2814.50, and then potentially 2844.00 or even 2896.00.

There’s always a path down, however unlikely. Its minimum requirement is to close back under the 2787.00 area, and then to extend down sharply without delay. Almost any other shallower or less aggressive weakness is likely to maintain the rally.