Mid-day Update… Thin air.

Probing fresh session highs.

The close-quarters Double Top that had formed from testing 2729.25 ultimately reacted down 21 points to 2721.25 after entering the noon hour. Rallying straight up since then has extended to probe the morning’s highs up to 2732.00.

And now the current 2730.25 pullback limit is being violated.

Slightly exceeding the 2728.25 bias-up target at 1:20 was sufficient to renew the bias-up signal. Its next higher objective is 2733.00, and then 2741.00. Neither is required of a renewed signal. And reversing down has room to test the 2721.00 bias-up signal until the bias window starts lapsing.

Back under 2726.75 (being tested now) would have near-term potential down to 2721.00. The rally could resume from there, but back under 2715.25 would reverse momentum down — probably not just a little if broken soon after exiting the bias environment.