Bias-(d)up(e)?

Bias-up signal rejected.

[pay]This morning’s recovery above the 1755.00 bias-up signal triggered cleanly at 10:15. But it was never any more productive than prior to any trending underway at 10:15. So, exiting the bias environment at 11:30 back under 1755.00 would invalidate the bias-up.

The bias environment is lapsing back under 1755.00. It is completely exited at noon, so recovering 1755.00 through then would avoid invalidating the bias-up. This morning’s 1760.25 bias-up target would become “unfinished business above” and require being tested eventually.

Regardless of how this morning’s bias signal is resolved, the 1762.25 overnight high’s “new Globex trend extreme” will require being tested eventually, too. But neither retest would have any particular timing requirement.

Entering the noon hour under 1755.00 would still invalidate the bias-up signal. There would be no unfinished business above.

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