More to come?

Objective met, but can it extend?

“No-bias” would have triggered this morning, even if the 2090.75 bias-down signal were never touched. The balance of the morning could ranged unpredictably. No harm, no foul.

Touching the bias-down signal first, and then not triggering it, is different. That means sellers expended a relevant amount of energy, and that they gained no traction for the effort. There is a consequence to their ineffectual pessimism — an offsetting test of the 2099.75 bias-up signal was put into play.

We already knew there was room for noise under the bias-down signal down to 2087.00, and it was attacked to within 1 tick. And we already knew from there being unfinished business above, that the bias-down wasn”t likely to trigger.

But not until 10:15 were we any more assured that the bias-down signal”s test would hold. Which it did. And now the 2099.75 bias-up signal has been touched to within 1 tick.

Its pullback limit is being tested now, and the test”s 3-minute low is 2097.50. Despite having trended up throughout the morning, not violating the pullback limit”s test would allow the recovery to trend up through the noon hour, too. Unfinished business above at 2101.50 is an attraction, with potential for probing it to new highs.