Mid-day Update… Untenable.

Fresh intraday highs, with the wrong sponsorship.

This morning’s bias environment tested the 2169.00 bias-up signal. The noon hour was entered above it. Invalidating the late bias-down signal is complete.

The signal was already suspect for still being within 1 tick of 2160.75 at 10:30. Suspicions grew by quickly recovering 2160.75, and were confirmed by extending relentlessly to a fresh high above 2165.00. Recovering the offsetting signal before fully exiting the bias environment makes it official.

Higher highs during the noon hour touched 2171.75. That stopped 3 ticks pessimistically short of the prior overnight high, so already reacting down is suspicious. An inflection point at 2166.75 has been holding, and the dip was isolated to the noon hour. The 2164.00 bias-down signal is still 3-4 points lower.

Overbought RSIs at the high don’t require a retest, but back above 2169.25 would target fresh highs anyway. Fresh highs are still vulnerable to failure this afternoon.