Yep. They’re getting it.

Fresh highs confirming that optimism has become widespread.

There were two momentary dips this morning, and both held their maximum pullback limits, snapping back up. But neither of the recoveries has extended.

Until now.

The open”s blip-down reacted up immediately from the 2094.50 bias-up signal”s support. The bias environment”s exit pierced 2095.50-2096.25 and firmed through the noon hour.

But all of that was one, big consolidation. And it is breaking higher now, attacking 2105.00. RSIs are overbought at the high.

It”s too late to trigger the 2102.00 bias-up signal, and this is not a late bias-up That was attacked to within 1 tick, 1 minute before the 3-minute window around 1.20. Not close enough to trigger the grace period. 

This is an invalidate no-bias. The bias parameters are not influential. There is no requirement to test the 2107.25 bias-up target. Trending up isn”t reliable right now, anyway, with the Beige Book just minutes away. Regardless of an initially negative knee-jerk reaction down, I continue to be bullish.

And we”re on-track to fulfill the minimum third higher close projected by last week”s confirmed breakout. That need not be the trend”s end, especially since we”re setting up for an actively bullish WedEX — which we”ll discuss during the post-market Wrap.