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2:30 bias environment exit was – If, Then… Market Timing

2:30 bias environment exit was

2:30 bias environment exit was barely under the noon hour”s low. The final hour”s entry was recovering from piercing the bias environment”s low just moments earlier. It wasn”t enough for sellers to be gaining traction (and the 3:10-3:20 timing window didn”t break the tie).

The afternoon had formed a symmetrical triangle, and it soon exploited the opportunity. My expectation had been for a false break to 2086.50 that resolves down to 2077. Instead, the breakout surged to 2090. If extended even a little, Monday”s late surge could extend a lot — back to Monday morning”s 2098 high, and to new highs if 2099.25 were also recovered.

So, is 2077 off the table? Maybe. At least, its test isn”t necessary, having held a test of 2084. But 2077 would be the objective of an overnight drop, or of triggering bias-down Tuesday morning. And having trended up into Monday”s close, gapping down under Monday afternoon”s low would trigger a “session-long decline” unlikely to be satisfied with only 2077.

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