Mid-day Update… There’s a fork in this road. Take it.

SPECIAL NOTE: MARKET WRAP WILL BEGIN ONE HOUR EARLY AT 3:03 PM ET.

This morning’s noN-bias environment was almost followed this afternoon by another. But the 2182.00 bias-up signal was not probed in time to trigger, touched in time to invoke the grace period, or exceeded in time to invalidate its signal.

This is a no-bias environment, and 2182.00 should define the range’s upper-end. Until the bias environment begins lapsing at 2:30, or at least comes within view.

Probing above 2182.00 prematurely would be “no-bias trending” that is doomed to failure. Probing higher after 2:15 would be free to extend higher, aggressively, targeting 2187.00-2188.00.

Back under 2179.75 would start to signal the rally potential had failed. A higher sell signal would become calculable after probing fresh highs. Regardless, triggering a sell signal could easily target 2171.50, but not so easily target fresh post open lows.