Scramble for the exits.

Probing the bias-down target meant buyers were overwhelmed.

Despite its steep reaction up from touching the 2083.25 bias-down target, I was monitoring for a pullback to 2085.00 before buying the bottoming attempt.

But first, the reaction extended back up to this morning”s 2088.75 bias-down signal. And its reaction down fell under 2084.00 and 2084.00. That”s when the recovery template inverted.

In the chaRTroom I noted the danger of that setup, failing to exploit two consecutive recovery setups, as determined by producing a fresh low under 2083.25. When the bias environment began lapsing at 11:30, fresh lows were on their way down to 2074.75.

Holding a test of 2077.00 could be as bullish as holding any higher support. More so in some ways, for expending more selling pressure to fulling more support. If it holds.

But 2077.00 is pretty much the last line of defense, with room for noise down to 2073.00. Any lower would start requiring the decline to retest Greece”s 2035.00 lows — and there”s no bullish reason for that.