Bias-up target met.

[pay]The ESu 1261’00 bias-up target was met soon after noon. It was also the high, and it was retested within 1 tick. The interim low tested the 1256’25 bias-up signal as support, which was being retested as support at the 1:20 timing window.

So now the afternoon’s bias signal gets a grace period through 1:30. Either S&Ps firm back above 1256’25 for a bias-up that once again makes pullbacks likely to recover, or else 1256’25 breaks lower to become a sell signal targeting the 1248’00 bias-down signal and possibly lower.

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