All she wrote?
[Note:The bias parameters were in error earlier, but have been corrected.]
Speaking of which… The 2063.50 bias-up target was exceeded at the 1:20 bias timing window. Its 2069.50-2070.25 renewed bias-up target is already being touched.
And this is after rallying already 20 points from the noon hour”s low.
Presumably, the noon hour rally wasn”t just counter-trend action. The probe back above Friday”s “higher prior lows” has outlasted a timing window. The open could have done that, but waiting until now is no less valid — just less likely to extend straight up without first correcting.
If sellers do retake control by failing to hold Friday”s ~2062.75 lows through a timing window”s exit, the afternoon”s recovery attempt would be in jeopardy. That wouldn”t necessarily extend to fresh lows today, but the 2035.00 target would be in-play.
