Bouncing the bias-up bounce.

The 1340.00 jury is still out. And still arguing.

[pay]Resistance at 1343.25 produced a drop back to this afternoon’s 1340.00 bias-up signal as support. It was recovered entirely. Barely.

Probing 1343.25 by just 1 tick reacted down to fresh lows at 1338.00. And now the bias environment is being exited back under the 1340.00 bias-up signal to neutralize its target.

There is no unfinished business above. Big support at 1338.00 is producing a bounce. But buyers don’t gain traction without recovering 1342.50. Anything shallower would be refueling sellers.

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