Bias-up target met.

[pay]MACD & RSI diverged positively into an overnight drop to the ESu 1294’25 bias-down signal. Upon recovering 4 points, S&Ps surged another 8 to touch the 1306’00 bias-up target. That was three hours ago, and price ranged sideways until the open, when the market slid back to unchanged, and lower.

More important than giving up the overnight gain is whether the 1301’75 bias-up signal will be recovered by 10:15. If not, then “No-bias” will be triggered, which equates to a sell signal if the bias-up target has already been met. And since Friday’s narrowly ranging expiration-day already suggests early trending won’t succeed, the no-bias sell signal is likely to trigger.

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