No-bias.

[pay]A pre-open bounce to 1275’00 essentially triggered a pullback that tested the 1272’00 bias-down signal as support. The test held and produced a bounce up to 1280’00, retesting the overnight high. The 1278’00 bias-up signal held as resistance through 10:15 nonetheless, signaling No-bias.

Signaling No-bias after most recently testing the bias-up signal puts into play a test of the 1272’00 bias-down signal. The cash session already tested  the bias-down signal, so its retest can be invalidated back above 1278’00 through 10:30. Since 1273’00 was just touched, I would prefer that bounces not touch 1276’00 to maintain the drop’s momentum.

Also for having been tested previously, a retest of 1272’00 would be much more likely to break lower. That would put into play the overnight low’s retest, although probably not until the No-bias signal begins lapsing nearer to 11:30.

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