Mid-day Update… The way, way higher.

Morning bias rejection gets swallowed whole.

The opening surge’s test of this morning’s 2766.50 bias-up target had reversed back down to and through its 2757.00 bias-up signal. Rejecting tests of both bias-up parameters had put into play offsetting tests of both bias-down parameters.

Except… the rejection came late, requiring the grace period, which undermines the rejection’s reliability. And exiting the bias environment back above its bias-up signal helped to reject the rejection.

Also, the opportunity to resume the decline barely overlapped its 2755.00 signal before reversing up sharply through its 2759.00 buy signal. The latter has extended to fresh highs at 2773.00.

Now this afternoon’s 2766.00 bias-up signal has triggered. Its 2774.00 bias-up target has been met to within 4 ticks. That’s close enough for the target not to become “unfinished business above” if left outstanding. But unless the upside momentum is rejected, it’s still targeting 2813.00 and 2825.25-2827.75.