Bias-down holds as support. For now.

Choppy, choppy open still trying to find its footing.

[pay]Pre-open consolidation between 1353.50-1354.25 initially broke higher to 12356.00. A dip to 1352.00 bounced to fresh highs at 1357.25.

It’s too late to trigger bias-down under 1353.50. And having held its test through 10:15, this morning’s no-bias signal’s objective is to test the 1361.50 bias-up signal. Recovering 1356.00-1356.50 would signal the bounce’s correction had ended.

Exiting the bias environment back under 1353.50 would invalidate the no-bias, and nullify its 1361.50 objective. And 1353.50‘s support is being probed now by 1 point. Any lower would suggest the bounce’s correction was not a correction, that the bounce was the correction, and that the decline had resumed.

[/pay]