Bias-up? Really?

[pay]S&Ps have ranged since the open almost exclusively between the ESm 1394’50 bias-up signal and yesterday afternoon’s 1397’25 high. Actually, each was briefly probed. Its the probe of yesterday’s high that concerns me because that doesn’t make things easier for the bias-up signal. So I suggest being extra cautious about a slightly higher high also reversing down quickly, or the bias-up signal being rejected through 10:30. If it’s the latter, then back under 1394’00 would target 1389’00 where a better bounce can form and later fulfill the bias-up signal.[/pay]