Mid-day Update… Walking into an ambush?

Extending higher, but there might be a problem.

This morning’s rally extended to fulfill its next higher objective at  2071.00-2072.00 up to 2072.75. A shallow correction down to 2069.25 resolved up to fresh highs. The afternoon’s 2072.25 bias-up signal was still being overlapped at both 1:20 and 1:30 to trigger noN-bias.

Fresh highs are attacking 2076.00. The 2077.50 bias-up target doesn’t require being met, but it can be, and the next higher objective is 2080.50.

One thing I had not considered previously was a “session-long rally” setup. The setup triggers in rejection of the prior day’s closing dip, by gapping up above that prior afternoon’s bias environment high.

Yesterday afternoon’s high printed AFTER the bias environment began lapsing, but before the final hour’s entry. So, the setup isn’t optimal. But I’m wondering, since almost every timing window would probe the prior timing window’s high. And every timing window HAS probed the prior timing window’s high.

Usually, the noon hour fails to probe higher. But not today — now only the final 60-90 minutes could be the setup’s exception, and not probe higher. It wouldn’t necessarily reverse down, but the shallow late-morning pullback has me a little concerned. Especially if the bias environment were exited back under this morning’s 2072.75 high, be on guard for a reversal down.