Attacking the bias-down target.

[pay]The 1241’25 bias-down target was just met within 1 tick. It might be touched on a retest, but I’m considering it satisfied and no longer a negative influence on price action. There might be other negative influences, but this isn’t one of them.

So, having fulfilled the bias-down target, the 1248’00 bias-down signal now becomes a buy signal. Its recovery before the cash session open should prevent a slide that would otherwise be bearish. Alternatively a later recovery would mean the open had gapped down, which I previously described might be bullish.

But extending under the bias-down target through any relevant timing window would instead re-confirm the bias-down signal. It could also reject and invalidate yesterday’s last-minute surge, and that would be very bearish.

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