Bias-down signaled.

[pay]Just touching Monday’s pivotal low had all but assured a probe under Monday’s actual low. And it was probed, by 4 points down to ESu 1237’50. Now the 1244’25 bias-down signal is being retested as resistance. It triggered at 10:15 and wasn’t recovered by 10:30, so there is no scenario that would invalidate it.

I still expect a retest of Tuesday’s Globex lows. Timing is another story. The downleg might not resume before probing the bias-down signal by a couple of points up to 1246’25. That could be considered a stop candidate for shorts entered upon testing the 1244’25 bias-down signal as resistance.

Don’t forget that I will not be updating during 11:15-2:00 (okay, possibly once).

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