Bias-up target met, and held… for now.

[pay]The 1283’50 bias-up target was met during the noon hour. A pullback tested 1281’00 as support during 1:20-1:30, and breaking it now would trigger a pullback with potential down to 1276’00. Waiting until the bias-up environment begins lapsing in 45-50 minutes would make a pullback likelier to become trend reversal. But if buyers can control the price action then, one objective of the rally would be filling the gap back to Friday’s 1292’50 close.

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