Mid-day Update… Slow creep.

Piercing higher, but not extending.

Since reacting up from the open’s 2454.25 low, the session has essentially trended up in several relatively wide swings. The noon hour’s exit reached a high probing 3 ticks above this afternoon’s 2459.75 bias-up signal.

But 2459.75 held. So, this afternoon is a no-bias environment. This morning was a no-bias environment, too. That didn’t prevent probing higher, but it hasn’t helped remaining higher — let alone extending. And now each of today’s intraday swings have overlapped the same 2459.00 bounce limit that was enacted at Friday’s close.

Back under 2457.50 would suggest this afternoon’s bias environment will be exited in decline. Extending down this afternoon would still target at least a test of “lower prior highs” at 2450.00. Otherwise, fresh session highs would be credible for extending higher, probably to 2464.00-2465.00, and possibly higher.