Has the danger passed?
Probing positive territory.
This morning”s 2036.25 low bounced back through the 2045.00 open, which was still being tested when the bias environment began lapsing at 11:30.
Fresh highs into noon touched 2054.00, which happens also to be this afternoon”s bias-up signal. It reacted down and the 2046.75 bias-down signal was touched just 1 minute before getting to within 3 minutes of the 1:20 bias timing window. Neither signal triggered.
That hasn”t prevented probing beyond the range, up to 2058.75. It originated during a no-bias environment, so it is “no-bias trending” that requires revisiting the 2054.00 bias-up signal. Often, the consequence includes revisiting the 1:20 print, which was essentially 2049.00.
Just trading back into the noon hour”s range would start to suggest the recovery mode had ended. Extending higher would next target 2062.00.
