The ESH13 failed to make a bearish breakout simultaneously on both the Weekly Profile and the Daily Profile. No candle body close below the midpoint between MS1 and MS2 which generates a buy signal as the Zone-Trader applies Rule 8 and expects the market to revert back to the Zone-Trader Pivot the Weekly ZT Pivot was at 1517.25, and the Daily ZT Pivot was at 1513.25. The buy signal was generated at 1512.75. Also the market opened inside the PZ on both the Weekly Profile and the Daily Profile so the bulls and the bears were fighting for control of the future direction of the market. On the Weekly Profile the market was trading above the midpoint of the Persistence Zone in the bullish half of the defined area giving upside strength or bias. On the Daily Profile the market was oscillating around the midpoint of the PZ then made a move to the bottom of the PZ but the bears failed to take control of the market the time filter did not hold below the bottom and this occurred simultaneous to the failed bearish breakout, providing the Zone-Trader with alignment between the Directional and Control Bias's. The market reversed as was expected and then proceeded to trade back to and break above the top of the PZ and held the time filter telling us the bulls had taken control of the market on the day. The market also broke above the top of the PZ on the Weekly Profile and the bulls are currently still attempting to take control of the market on the week.
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