Dubious bias-up runs into trouble.

Shaky ground still shaking.

[pay]Not first touching 1310.00 support made the rally unlikely to extend. In fact, price just plunged from 1315.25 back down to the open’s 1310.50 low.

RSIs had stopped improving when 1312.75 was first probed as resistance, and actually deteriorated through all higher highs.

Now an obligatory bounce off of the open’s 1310.50 low is working off an oversold 1-minute.

1310.00‘s relevance is no longer relevant. While a valid rally needed to touch it, a valid decline should slice through it.

Exiting the morning’s bias environment back under 1312.75 would invalidate the bias-up and any target it had in-play. Entering the noon hour back under 1311.00 would hold it as resistance through yet another timing window.

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