Bias-down signaled, twice.
[pay]Buyer appeared to retake control soon after the cash session open, surging up 7 points from a dip to ESm 1408’25. A 4-point dip from there has also recovered, but RSI did not become overbought on either high, which questions whether the price strength has any underpinnings capable of pushing price higher. The 10:15 timing window’s exit was still testing the 1414’25 bias-down signal, and not too successfully. If not recovered through 10:30 this would make a retest of the bias-down target possible, or at least another hour of ranging in negative territory.[/pay]
