BIAS-UP… INVALIDATED

The margin shrinks, and shrinks, and…

[pay]This morning’s 1808.00 bias-up signal was exceeded through 10:15. Barely exceeded, despite having touched 1811.50. But that still qualified to trigger bias-up.

Then 1808.00 failed to hold as support through 10:30. Bias-up is invalidated. Its target is not in-play. A a sell signal targeting 1805.50-1806.25 triggered during the reaction down. But there is no bias influence this morning.

Exiting the bias environment at 11:30 back above 1808.00 would essentially reinstate the bias-up. Recovering 1809.25 would signal momentum is reversing up. Otherwise, back under 1805.50 would more likely trend down.

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