Bias-up target met, and then some.

[pay]The ESu 1278’00 bias-up signal’s recovery didn’t immediately extend higher, not before spending more time testing the signal as support. But it did trigger cleanly at 10:15, and the first half-hour’s high was recovered by the bottom of the hour. The bearish potential is limited to:

– Meeting the 1285’75 bias-up target fulfilled that pattern’s buying pressure.
– Oversold 3-min RSI at the open’s low and overnight require eventual retests.
– The pre-open and post-open pullbacks were optimistically shallow.

A higher high just reached 1291’25, which satisfies the same pattern’s extended targets. Pullbacks must hold any brief test of 1288’50 to maintain the rally’s momentum. Back under 1287’25 would target 1282’00, although sell signals aren’t the ideal strategy in a bias-up environment producing new highs.

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