Bias-up target met.

[pay]The ESm 1398’25 bias-up target was met and the signal is officially flat. An appropriate stop for traders choosing to remain long is 1395’75, or 1-2 very brief ticks below it. The bias environment will start lapsing now at 2:30. Back above 1398’25 through the top of the hour or not far past it would help the rally to extend higher into the close, and then throughout Friday into Monday’s open.

But I would still keep the stop in place through whatever timing window. It can also serve as a short-entry parameter, initially targeting a retest of this afternoon’s 1391’25 bias-up signal as support. MACD & RSI just diverged negatively into a retest of the bias-up target, so a last-hour dive can’t be ruled out.[/pay]