Expiration biased up.

Expiration’s influence is having its positive effects, too.

[pay]The afternoon’s bias environment is lapsing and the 1240.00 overnight high is still being probed up to 1241.00. A close-quarters Double Top has formed while RSIs diverge negatively. Its 161.8% pullback would target 1238.00.

Even under normal conditions, this is not a very attractive short-entry. The price is below resistance, and the timing is unreliable due to expiration. But both 1-minute and 3-minute RSIs are diverging negatively, and that is a very powerful element.

A dip to 1238.00 would be compelling for long-entry since it would resolve the current consolidation. But the trend otherwise remains up, targeting 1243.00.

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