Bias-up, up… away?

[pay]The recovery continues from this morning’s low, and from consolidating around this morning’s ESm 1389’00 bias-down target. The open’s print at 1395’25 was just tested, still negative territory and also still under yesterday’s lows. That’s 50% of the way back to yesterday afternoon’s high, and 1400’00 remains targeted so long as pullbacks hold any brief test of 1393’75. A dip is currently testing it by a full point, so the rally needs new afternoon highs soon without much more delay. MACD & RSI are diverging negatively among only the shortest intervals, and volume is increasing as the recovery progresses, so buyers continue to get a benefit of the doubt – just not a lot of time.[/pay]