Bias-down target met

[pay]The open’s drop fell to the ESm 1365’50 bias-down target. The bias window at 10:15 was exited back under yesterday’s highs, and also under the bias-down signal. Back above 1369’00 and preferably also 1371’00 through the bottom of the hour would signal a retest underway of the overnight high at 1377’25. Back under the bias-down target could instead develop into a much deeper pullback. The overnight high is a “new Globex trend extreme” that requires being retested during regular trading hours, so this pullback or a deeper one probably wouldn’t become a new downleg first[/pay]