Bias-down signaled.
[pay]The noon hour’s consolidation broke lower at the noon hour’s end. A bounce back above ESm 1410’00 through 1:30 in this particular pattern would not only invalidate the bias-down signal, but also signal that momentum was reversing up, confirmed above 1412’25. Otherwise, the 1404’50 bias-down target remains in-play.[/pay]
