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Mid-day Update… Still a live session. – If, Then… Market Timing

Mid-day Update… Still a live session.

Fresh highs keeping alive the upside momentum.

The post-close pre-Brexit 2119.50 high was the next higher resistance above the 2115.00 objective. It’s just a prior high. It’s not an objective or target that fulfills buying pressure.

But testing it intraday makes closing back under it likely to extend into another deeper detour below.

2119.50 and its bias-up signal 1 tick higher were just touched at 1:30. Too late to invoke the grace period or to trigger, and too shallow to invalidate the no-bias. Probing higher anyway would be “no-bias trending” and doomed to failure.

Now having probed a fresh session high during the afternoon bias environment, exiting the bias environment back under a prior high or low could meltdown into the close. Otherwise, be very careful stepping in front of the uptrend.