Mid-day Update… To stand still is not to fall.

It may also be to fall behind.

Two setups triggered by surging through the open to probe the 2674.00 bias-up target, and maintaining that recovery through 10:15. First, the bias-up signal was renewed, next targeting 2684.25. Second, a position of strength was created to help absorb counter-trend sponsorship.

That second setup has had a workout. Despite retracing the open’s 10-11 point surge, the morning bias environment had recovered it all to within 5 ticks. The noon hour came within 2 ticks. The first setup remains unmet.

A renewed bias-up target is not a requirement, so 2684.25 need not be met. It’s the room for noise above 2674.00, which every leg is overlapping — and not rejecting — but not yet trending through.

The position of strength is not indefinite. Its influence over dips is further depleted on every use. Rising bottoms on each use suggest there’s accumulation, but that’s not a signal.

And now this afternoon has triggered no-bias. Fresh highs would get a benefit of the doubt for extending higher regardless of the environment. But another dip might find the position of strength has become ineffectual optimism, offering no more support or recovery.