Apparently, no-bias means no-bias

Narrow afternoon ranging should end momentarily.

[pay]The noon hour’s 1403.25 high peaked 1 points short of even touching this afternoon’s 1404.25 bias-up signal.

A Head & Shoulders patterned formed, and its reaction down through the bias environment touched 1400.50, this morning’s high.

The pullback has room down to 1399.50-1400.25 as just a normal corrective dip. It need not be tested before resuming the rally, which is likely to resume so long as the final hour isn’t entered under a prior low.

Head & Shoulders patterns are commonly assumed to be reversal patterns. Which they are, but usually only temporarily. Whatever its pullback target, the Head & Shoulders should be recovered and then exceeded by at least one more upleg. Back under the 1398.00 area would suggest differently.

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