Session-long non-decline.

Session-long rally signal may be preventing a reversal.

Having trended down into Friday”s close, gapping up above its 2109.00 afternoon high formed a “session-long rally” setup. Each timing window is expected to probe above the prior timing window, with one exception, which is usually the noon hour.

That template told us to more easily accept weakness during the noon hour, which triggered sell signals under 2119.50 and 2117.50, attacking 2112.00.

Now the template suggest the corrective dip is ended. But resuming the rally need not trend up aggressively.

session-long rally template expects only one timing window not to probe above its prior timing window high. Since the noon hour”s high is 2117.75, probing it during the next hour would qualify for the template. The morning”s 2122.00 high need not be revisited today.

Breaking under 2112.75 would start to suggest that more of this morning”s gap up would be retraced.