Mid-day Update… Things are moving quickly now.

Targets being met faster than they’re put into play.

Two more probes under the 2321.50 bias-down signal during this morning’s no-bias environment both recovered. The bias environment exit was above the pre-10:15 low, so an offsetting test of its 2330.75 bias-up signal became “unfinished business above.”

That was as-of 11:30, when this morning’s bias environment started lapsing. Now the afternoon’s bias environment is triggering at 1:20, and this morning’s 2330.75 objective is already being tested. So is the overbought RSIs from yesterday’s 2329.00 high, and its 2331.50 bias-up target left outstanding.

Even faster, as this afternoon’s 2327.00 bias-up signal is triggering, its 2332.25 bias-up target is already met. Too much, too fast? Well, not exceeding the bias-up target at 1:20 has failed to renew the bias-up signal.

It’s still a bias-up environment, so the rally is free to extend. But often it doesn’t, not when the target holds its test through 1:20. Overbought RSIs at the 2332.75 high do require a retest. Extending higher anyway could put into play 2343.00-2347.00.

There’s otherwise room back down to the 2327.00 bias-up signal during the bias-up environment. Breaking under it as the bias environment lapses could start sealing a top.