Mid-day Update… Stepping it up.

Probing higher, testing resistance.

This morning’s reactions down from touching the 2660.50 objective ultimately included 2655.50. Close enough to the bias-up signal just 1 point lower to be in proximity of its break. If that’s what the market wanted, which it did not.

Rallying 4 points into the bias environment exit was extended through the noon hour to 2662.50. That elevated the 2661.25 to being decisive for still targeting 2667.25. Overlapping it at 1:20 invoked the grace period to allow extra time for triggering it. If that’s what the market wanted, which it did not.

So, the late no-bias environment has reacted down to 2659.75. Another point lower would signal momentum reversing down, limited for the next half hour down to this afternoon’s 2653.75 bias-down signal. Any lower after that could extend. If that’s what the market wants, which it does not if 2659.00 isn’t even broken.