Mid-day Update… The window might re-open.

Morning rally trying to extend.

Only minutes after triggering this morning’s 2687.25 late bias-up signal, the market surged through the open’s 2690.50 high and touched the 2692.50 bias-up target. The balance of the morning absorbed a shallow dip back to the open. The noon hour ranged flat-to-higher.

Exiting the noon hour in a surge to fresh highs ran into more bias resistance at the afternoon’s 2695.50 bias-up signal. Testing it at 1:20 and 1:30 has triggered noN-bias. Not bias-up with a higher target, and not no-bias contained by the bias-up signal.

noN-bias often behaves like both no-bias and bias-up — hovering at the bias signal through the window, then essentially triggering it late as the window lapses. New highs would be almost unavoidable, targeting 2699.75-2700.75 and 2703.00.

Meanwhile, the noon hour’s exit is the only probe above the 2688.00-2692.50 buffer, below which the market become likelier to probe fresh lows under 2679.00 down to 2675.50. Exiting the bias environment back under 2692.50 would reinstate any near-term potential to fulfill those fresh lows before the holiday weekend.