Bias-up, FWIW.

All upside objectives have been fulfilled. Buyers just need to hold their ground to establish their traction. Sellers just need to let gravity do its thing.

[pay]Yesterday morning’s patience was misplaced in waiting for a probe under overnight lows before buying. The retest of Monday’s high was quickly satisfied after the open. This morning’s patience was better rewarded, as a pullback down to the 1097.00-1098.00 prior high was fully recovered to probe the 1102.00 pre-open high.

And then some. The pullback’s low held a quick test of the 1095.50-1096.25 limit identified during the Morning Market Tour. That extra dip may have accounted for the extra gain to 1103.25. It might also help this leg extend up to 1095.00-1097.00, but the predictable objectives have been satisfied.

It’s a bias-up environment. The 1100.50 bias-up target was exceeded at 10:15, but its 3-minute bar overlapped 1100.50, which undermined confidence in the bias-up signal having been renewed. But there’s room down to 1099.00 before sellers don’t gain traction.

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