Mid-day Update… There. And, back?

Upside fulfilled. Can it be maintained? Can it extend?.

This morning’s 2749.00 bias-up target was met. And it was gradually exceeded. Then it was left behind in the dust when the bias environment began lapsing at 2758.00. The noon hour was entered at 2763.50. Potential to the low-2760s is fulfilled.

Attempts to extend higher have touched 2765.00. But this afternoon’s 2764.50 bias-up signal did not trigger. Back under 2760.00 could retrace to 2747.00 simply as noise.

Rallying out of the bias environment exit would be credible for resuming the rally, especially with this being a Friday. No matter how overly-extended today’s rally might seem, be careful underestimating the ability to drift higher through the close.