No more bias.

[pay]The afternoon’s bias environment was probably “no-bias” since 1386’00 held its test as resistance, instead of “no-bias” which never enjoyed a clean break above 1384’50. The past hour’s “simple range” turned out to be 1 point lower than described earlier, from ESm 1386’00 down to 1380’50, with the lower-end probed just now by nearly 1 point.

This represents the area’s third test as support today – more so when including pre-open price action – and one more test during a relevant timing window should break lower to at least target recent lows and possibly resume last week’s decline. Back above 1384’50 and 1386’00 would be increasingly likely to trend up into the close instead.[/pay]