Another bias in a rut?

This morning’s bias environment might be a template for the next hour.

[pay]The 1082.00 bias-down signal was touched, but not broken, so this afternoon is another no-bias environment. The bias-up signal’s test is not required.

The bias timing window’s exit contained a bounce back up to 1086.00. Its recovery would have targeted the bias-up signal. But it’s too late for that to trigger – its recovery through 1:30 might deserve a benefit of the doubt, but I doubt it would benefit.

What’s bad for the goose doesn’t much interest the gander nervous, either. Resuming the drop too soon would be likely to recover – perhaps a little less likely today, since the morning’s inappropriately timed dips did alright.

So, until the bias environment begins lapsing after 2:30, price action might be more similar to this morning’s environment. Resolving down would also be likely.

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