Mid-day Update… Stuck up.

The most bullish scenario may be to avoid a decline.

The noon hour’s high attacked this afternoon’s 2677.25 bias-up target to within 3 ticks. This is still a bias-up environment, and its target is in-play. But it won’t become “unfinished business” if left outstanding when the bias environment begins lapsing.

Meanwhile, upside momentum is suspect. A 2672.25 pullback limit was violated upon entering the noon hour. The rally attempted to resume without first taking time for any accumulative behavior — no backing-and-filling or complexity of any sort. The rally’s attempt to resume hasn’t extended. In fact, the violated pullback limit’s 2668.00 low is being probed now.

This afternoon’s bullish WedEX influence doesn’t prevent there being a temporary corrective dip. Presumably, this current break now testing 2666.00 will be recovered. Back above 2671.75 would start to signal momentum reversing up. Regardless, WedEX doesn’t require resuming the rally, only retracing dips.