Bias-down, or not bias-down.

[pay]Just after the noon hour a spike down managed to touch the morning’s ESm 1352’50 bias-down target. The new low was recovered immediately – along with its simultaneous probe of the afternoon’s 1353’75 bias-down signal. Unless S&Ps are back under this morning’s 1356’00 low by 1:30pm ET, a test of the 1359’50 bias-up signal would be likely. And if that can be accomplished during the next hour, then sellers would have time to resume the decline.[/pay]