Mid-day Update… And special announcements.

REMINDER: I’M AWAY FROM THE SCREENS DURING TODAY’S FINAL HOUR…
ALSO: Market Wrap will be held early at 2:22 ET.

Trending up to this morning’s 2625.25 bias-up signal during the no-bias environment then requires the bias-up signal to define the window’s upper-end. But its resistance was hardly recognized as the rally extended through it to 2642.00.

Being no-bias trending, the retracement down to 2625.25 has become unfinished business below. Often the 2617.00 10:15 print will be tested, too, but it is not a requirement. Reacting down to 2627.00 fulfilled neither of these lower objectives. Meanwhile, there’s a requirement above, to retest overbought RSIs at the 2642.00 high.

Given the impending three days of illiquidity, Friday Factors still apply despite this being Thursday. And they can cut either way — drifting higher through the afternoon without counter-trend sponsorship to stop it, or trading aimlessly flat-to-lower.