Bias-down target met.

[pay]The cash session open eventually dropped to lower lows at the ESm 1397’00 bias-down target. MACD & RSI diverged positively among several intervals to signal that sellers were losing traction. Back above 1400’00 would signal buyers gaining traction for a bounce to within 1-2 ticks of 1405’75. That’s this morning’s bias-down signal, and unless it is recovered through 10:15-10:30, the balance of the morning would likely range sideways in negative territory. Not recovering 1400’00 through 10:15-10:30 would leave the market vulnerable to a session-long decline.[/pay]