The no-bias stays out of sight.

[pay]MACD & RSI diverged positively on a pullback to 847’00, and the recovery from there hasn’t looked back since. New relative highs at 863’25 are being tested by a relentless and grossly extended upleg.

New highs in the session’s last hour aren’t easy to reverse down. Sponsorship for extending the rally isn’t any easier to attract. This upleg hasn’t actually printed a new high during the last hour, so reversing down through 3:20 would signal the rare event of reversing a last hour’s new highs. The rally did originate during a no-bias environment, so its gain requires being retested at some point anyway – but not with any specific timing.

Back under 857’00-856’00 through 3:20-3:30 would give sellers a big benefit of the doubt. And at this moment, they have plenty of doubt.

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