Mid-day Update… Unmade, and broken.

Morning’s consolidation breaks higher. A lot higher.

Extending yesterday morning’s gap up through 2345.00 would have targeted 2352.00 and potentially 2360.00-2362.00. But the gap up stalled and plunged.

Gapping up today was irrelevant. But it triggered bias-up, and the bias environment hovered under its 2345.50 target. That restrained optimism was combined with a Symmetrical Triangle that broke higher into the bias environment lapsing.

2345.50 didn’t slow down the break higher. It has extended to 2354.25. That’s within 3 ticks of this afternoon’s bias-up target. So, not actually touching it isn’t required. But reversing won’t be triggered from above 2349.75. And extending higher would next target 2360.00-2361.00.