Mid-day Update… Sneak attack.

Session-long rally setup got set-up.

Maintaining the gap up above yesterday afternoon’s highs had formed a session-long rally setup. Extending it produced a fresh session high during the bias timing window. Extending into the morning bias environment probed its prior timing window high. And although it took several hours, the noon hour exit probed its prior timing wnidow’s high.

Interesting. All but one timing window tends to probe its prior timing window high on session-long rally days. Usually the noon hour is the exception, but not today. Optimism is alive and well. The open’s 16-point surge already suggested as much.

Today is a good example of excessive optimism being vulnerable. Fresh highs testing 2672.00 resistance were suddenly reversed by headlines that a strike on Syria was planned. The reaction down was far removed from the 2660.00 bias-down signal. But it was broken by 1:30, invalidating 1:20’s no-bias signal.

So, this is an invalidated no-bias environment. Its bias signals need not define either end of the window. Its bias-down target is not necessarily in-play. Oversold RSIs at the low will require an eventual retest. But nothing prevent recovering to fresh highs — whether during the final hour, or during the bias environment so that the final hour can tumble.