Mid-day Update… Still pushing it.

Morning’s buy signal still intact.

A reward for absorbing the overnight sellers was at least to retest the 2454.25 overnight high. Having probed above yesterday’s high, exiting the open under the overnight low would have reversed momentum down. But trying to reverse down, and failing, would deserve a reward.

The open only temporarily probed the 2445.25 overnight low by 2-1/2 points. And now the overnight high is being probed up to 2458.75.

That’s this afternoon’s bias-up target. Like this morning’s 2457.50 target that was never triggered, each is likely only temporary resistance. Just having recovered 2448.00 and 2454.00 has already put into play 2461.00. And then 2477.00 could be tested or attacked, too.

Simultaneously overbought 1-minute and 3-minute RSIs at the high require its retest if reversed down now. A reversal has room down to 2452.00 before beginning to signal the rally is done. Otherwise, resolving up would next target 2461.00.