Too-late bias-up.

[pay]The ESm 1420’00 bias-up signal was flirted with for an hour through 1:30 and yet never produced a solid reaction either way. It was still being tested as the 1:20-1:30 window opened, and not much improved when the window closed – failing to recover above the noon hour’s high just 2 points higher.

So I’m just a little more than suspicious of what is officially a “late bias-up,” but technically deficient. If long here as the basic strategy dictates, then stops should be in the 1418’50-1419’50 area – probably not any higher or lower – and under that range would target a test of the 1415’50 bias-down signal. There is no other active signal until a break either way, or until 2:30 approaches.[/pay]