BIAS-UP.

But not yet validated, with consequences if not.

[pay]The noon hour produced a single surge to fresh highs, through 1759.75 to 1762.25. That was more than an hour ago. Other than dipping back down to the 1760.00 bias-up signal, nothing new has developed.

The 1760.00 bias-up signal did trigger. So, there’s that.

But since triggering bias-up, the signal hasn’t been any more productive than the noon hour already was. In other words, 1762.25 hasn’t been touched. Until it is exceeded, there is a vulnerability to resuming the session-long decline.

Back under 1758.00 would signal the bias-up signal won’t perform, although exiting the bias environment back above 1762.25 would reconfirm the bias-up.

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