Stake claim… check.

Buyers have gained traction for this afternoon”s efforts.

Buy signal after buy signal has triggered this afternoon, ever since the morning”s drop held its 2044.00 maximum objective. Now 2065.50 is being tested by a breakout that began when the afternoon”s no-bias environment began lapsing.

Along the way, the final hour was entered above the bias environment”s high. And the bias environment was exited above the noon hour”s high. Buyers have gained traction for their efforts. 

Today”s buyers are now due the reward of controlling tomorrow morning”s bias environment. That may begin by gapping down, which would be expected to recover so long as much stronger sellers aren”t retaking control.

We”ll discuss specific levels in the post-close Market Wrap. Meanwhile, there is no requirement to extend any higher today. Similarly, extending any higher today could be retraced.

But the bigger picture expectation remains intact, albeit one day delayed, for retracing Friday afternoon”s drop on the way to new highs.