Bias-up target met.

[pay]The recovery had time to trigger the afternoon’s bias-up and then extend higher to fulfill the bias-up target. If I had this recent information at noon, I would have calculated the afternoon’s bias-up 2 points higher as ESu 1262’50, still 2 ticks higher from this surge’s high. So this is near enough to consider the buying pressure as having been satisfied.

Traders wanting to remain long in anticipation of higher highs could consider a stop candidate between 1257’00-1258’25. But the predictable part of my pattern has essentially completed, from the pullback under 1243’00 to now trading 20 points higher, and needs to reassess after 2:30 when the afternoon’s bias environment begins lapsing.

Heads-up: I will need to see something extraordinary to justify risking any of the session’s earlier gains since expiration and its vagueness is just hours away.

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