No-bias ranging has ended.

Slow creep lower is testing critical support.

[pay]The morning’s attack on 1412.00 has now reacted down to test 1406.50. These are this afternoon’s bias parameters. It’s too late to trigger either, but they have contained this afternoon’s no-bias environment.

Now the bias environment is lapsing.

Any lower would target 1401.00, whose break could retrace all of today’s gain back into negative territory.

Entering the session’s last hour back above 1409.25 would be a big step toward resuming the rally into the close.

[/pay]