Testing the bias-up signal.

[pay]The noon hour touched the ESm 1440’00 bias-up signal and reversed back into the range. A brief probe of new highs during the noon hour is always of interest, although more so when wider than the paltry 2 ticks we just saw. Nevertheless, triggering no-bias now after having held a test of the bias-up signal would make a test likely of the 1434’50 bias-down signal, which would start to unfold upon breaking under 1437’50.

MACD & RSI diverged negatively across more intervals through the noon hour, but that’s a reflection of weak hands. That’s relevant so long as the session’s total volume is not. But I will be more impressed by another negative divergence on another new session high by at least a 1-point margin that is rejected by 1:30.[/pay]