No-bias means no-bias. However…

[pay]The 854’50 bias-up signal was tested just before and just after the noon hour’s end. It held both tests through 1:20 to signal no-bias. A test of the 846’00 bias-down signal is likely, and would be put into play back under 851’75.

Since 854’50 is also last Thursday’s pivotal high, touching it does all but assure a test of Monday’s 861’75 actual high. All but. This instance might be more but. The noon hour’s noise is similar in principle to the opening 15 minutes of volatility, and dismisses price action not confirmed through 1:20. This wasn’t.

A no-bias rally is still possible, and increasingly probable the longer that 851’75 avoids breaking lower. A no-bias rally isn’t required, it wouldn’t be required to test the bias-up target or prior highs, and its gain would be doomed to failure.

[/pay]