Extending the no-bias rally?

[pay]The no-bias environment didn’t stop the morning’s rally from extending higher to within 1 point of the 810’25 bias-up target. This afternoon’s higher highs have essentially ranged narrowly around yesterday’s 807’00 high.

Back under 803’00 would now signal momentum reversing down, presumably targeting 790’00, and potentially evolving into the decline’s resumption. Back above 807’50 would suggest the afternoon’s no-bias rally was extending higher, confirmed by new session highs (preferably above 810’25) going into the session’s last hour.

All of today’s rally from the open’s low is considered to be the same noise that yesterday’s rally would have been if its gains were maintained. This is just more noise, initially triggered by yesterday’s gap up from Monday’s decline, and similarly limited by yesterday’s gap being too shallow to invalidate Monday’s decline.

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