Keeping a limit on pessimism?

REMINDER: I”m away from the screens for the balance of the session after setting this afternoon”s bias signal. We”ll have an early Market “Wrap” at 1:20pm ET.

chaRTroom links after 1:30 are:
o Win XP-Friendly entry || o non-xp friendly (ilinc)

IMF”s disagreement with Greece has had only the one reaction down. The balance of the morning ranged narrowly into the noon hour. Despite sellers not gaining traction, exiting the bias environment under its 2104.00 bias-up target makes resuming the rally today difficult.

Difficult, but not impossible.

No price improvement since before the 10:15 bias signal has already discounted the attraction to 2110.00. But it can be put back into play by triggering this afternoon”s 2104.25 bias-up signal.

Exiting the bias environment under 2104.00 didn”t equate to being a sell signal. But that doesn”t preclude price drifting down to the 2096.50 bias-down signal as support.