Double secret no-bias.

[pay]The 1234’00 bias-up signal was still being tested at the 1:20 timing window. It was still being tested when the window shut at 1:30. If there were such a thing as a “double no-bias” this would be it. Only then was there a blip-up, which then blipped back down as blips-up often do.

Now 1234’00 is being tested as resistance, and the 1226’75 bias-down signal is likely to be tested as support. Its retest isn’t required, but it’s likely so long as 1234’00 isn’t recovered. I don’t like the character of the noon hour rally, which I expect to be retraced entirely. It isn’t yet clear whether the low’s retest will come today, but I would plan for it under 1226’75.

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