No time wasted in testing bias-down target.

Things to do, places to be.

[pay]Selling resumed almost instantly since testing the 1341.00. In fact, this afternoon’s 1329.50 bias-down target was just touched.

It wasn’t exceeded through 1:20, which would have renewed the bias-down signal. But it’s a bias-down environment anyway.

Exceeding the 1329.50 bias-down target through 1:30 would be credible for resuming the decline. But the decline’s last productive bounce limit at 1331.50 is being probed, all but requiring the decline to form another distribution pattern.

Regardless of whether the decline were to resume before 1:30, or an hour later – if at all – its slope should keep or resume its pace from this morning’s high.

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