Offsetting test of bias-up parameters fulfilled.

The recovery had just triggered another buy signal above 1991.75 when I finally published this morning's post-open review. Having rejected tests of both bias-down parameters, offsetting tests of both bias-up parameters were in-play at 1997.50 and 2003.00.

Basically, the inverse of yesterday's setup. More so. Like yesterday's 8-1/2 point probe under its 1984.00 objective, this morning's 2003.00 objective was probed by 8-1/2 points, too.

Is turnabout STILL fair play? Is a reversal back down about to begin?

I'm still expecting a corrective bounce into tomorrow afternoon's FOMC events. The bounce's slope probably won't duplicate this morning's surge. But it still has potential for extending up to 2020.00.

Meanwhile, the surge could be retraced by 61.8% back down to natural support at 1997.50 -- coincidentally, that was this morning's calculable bias-up signal. A deeper pullback wouldn't be surprising.