Mid-day Update… It’s time to resolve this.

If weak-handed selling absorbed, then strong-handed buying should begin.

Monday morning’s pullback fulfilled its 2351.50 potential. And that was just during the morning. The origin of the move and its timing suggested its sponsorship was weak-handed. That didn’t prevent probing a little deeper to 2347.50 as the noon hour began. But its timing also suggested weak-handed sponsorship.

Suggesting weak-handed sponsorship is all we have, until the close. There are still some clues — like isolating the deeper dip to the noon hour, and like triggering the afternoon’s 2355.75 bias-up signal. Probing this morning’s high would be a clue, too, but only 2360.00 is being tested,

The final clue would deprecate the suggestion, by closing above Thu-Fri ~2361.00 prior highs. Now entering the final hour just under it, simply ranging flat-to-higher for an hour seems unlikely. This afternoon’s 2362.75 bias-up target is now “unfinished business above.” Add it to 2364.50.

Back under 2356.00 would suggest another downdraft underway, potentially undermining that sellers have been weak-handed. Otherwise, fresh highs today remain possible, if not also likely.