Shift in timing, shift in resolution?

Late break higher threatens the intraday failure setup.

This afternoon”s 2078.00 bias-up signal wasn”t even touched by 1:20. But it was barely touched within the next 3 minutes, invoking the grace period. A spike up AT the bottom of the hour was borderline for still overlapping the signal.

It had gotten too late already to trigger a clean bias-up. And it wasn”t necessarily a late bias-up. Was this the second intraday noN-bias signal? Just one instance is rare, let alone two in one day.

Regardless, the spike extended eventually to 2082.50 before RSIs finally left overbought territory. Overbought RSIs makes reversing down difficult without first retesting 2082.50. 

And first retesting 2082.50 makes reversing down difficult since exiting the bias environment above the noon hour”s high would become more vulnerable to extending sharply higher intraday.

Ignoring the overbought RSIs to break under 2077.00 would still be credible for extending down into the close (and out of tomorrow”s open).