Mid-day Update… Two steps forward.

Another bias-up signaled.

This morning’s 2841.00 bias-up signal triggered cleanly, probed up to 2843.50. Its reaction down to 2841.00 held at 10:30, instead of invalidating bias-up. The 2846.00 bias-up target was met as the bias environment was lapsing.

As was suspected, the bias target’s test was likely to include 2848.00. Surging into the noon hour fulfilled it. Surging also extended to 2851.00, and eventually up to 2853.50 through the noon hour’s exit.

Now this afternoon’s 2848.00 bias-up signal has triggered. But its extended noon hour sponsorship has lost momentum, reversing back down to probe 2-3 ticks back under  2848.00.

This is still a bias-up environment. The window’s lower-end should be defined by its 2848.00 bias-up signal. That doesn’t preclude temporarily probing it down to 2846.00. Meanwhile, the 2854.25 bias-up target will become “unfinished business above” if left outstanding.