Grexit ramp.

Headline”s reaction reacts.

The surge into the noon hour touched at 2010.00. Its reaction down into the bias timing window touched 1998.00. Its reaction up avoided triggering the 1999.25 bias-down signal, while extending to 2005.00.

This being a no-bias environment, the bias signals should define either end of the range. The 2007.00 bias-up signal need not be tested, but its test should ultimately hold — at least, until the bias environment begins lapsing at 2:30. Then fresh session highs would be possible, but I”m not expecting that.

Similarly, the bias-down signal can be broken when the bias environment”s end comes within view 10-15 minutes earlier. And now a 7-point bounce has created room for drifting back down for a half-hour, until the bottom can drop out.