Backing into being back on-track.
Morning”s recovery extending higher.
This morning”s lone bearish setup was invalidated. Having held a test of the 2121.75 bias-up signal through 10:15, and offsetting test of the 2113.75 bias-down signal was put into play. But whatever was signaled at 10:15 was invalidated by exiting the bias environment above its bias-up signal — so long as the pre-10:15 low hadn”t been probed, which it wasn”t.
All of the bullish setups won out. RSIs diverging positively at the low, the opening dip”s entrenched origin, and the bullish WedEX, all suggested the bias parameter was influenced by whatever also produced Friday”s opening slide.
Now this afternoon”s 2123.25 bias-up signal has triggered. And it has been productive, already probing its pre-1:20 high. Invalidating it would require exiting the bias environment under the last timing window”s low, 2122.00, if not also under 2120.75. Meanwhile, 2128.25 is in-play.
