All bias-up, but still trying to go.

Bias-up target exceeded, sort of.

[pay]Hovering at or under 1802.00 ahead of releasing Yellen’s remarks triggered a plunge to 1796.25. Its 5-point bounce was reversed to a fresh low at 1795.00. That touched yesterday’s highs.

The open recovered back up to 1802.00, which is also this morning’s bias-up target. Reacting down to 1798.50  has recovered back up to 1802.00. In fact, through it to touch 1803.50, although 1802.00 is being touched now.

Holding 1802.00 through 10:15 avoided renewing the bias-up signal. This is still a bias-up environment, and retesting the 1804.50 overnight high would probably also visit 1806.75.

Back under 1800.25 would signal momentum reversing down, still needing to exit the bias environment at 11:30 back under 1795.75 to be credible.

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