All biased up, and nowhere to go.
Upside objective put into play, and already met.
[pay]The 1233.00 bias-up signal held as support, 1236.00 was recovered through the first 15 minutes of volatility, and the 1239.00 bias-up target was exceeded through 10:15 to renew the bias-up signal.
The 1244.00 renewed bias-up target was also tested — and held its test — through 10:15. This is a renewed bias-up environment, whose renewed bias-up target has been met.
There is room for noise 2 points above 1244.00, but no requirement to test it. And no requirement to hold and reverse down from 1246.00 if tested. But recovering 1243.50 would be likely to test 1246.00, anyway.
Maintaining a break back under 1241.25 would target 1233.00.
Regardless, exiting this consolidation should be done very aggressively. Not extending sharply in that direction would be likely to fail.
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