Agreeing to disagree.
noN-bias avoids triggering either signal.
Despite touching 2103.00coming out of the noon hour, this afternoon”s 2101.75 bias-up signal was overlapped within 3 minutes of 1:20. That invoked the grace period, but still overlapping 2101.75 at 1:30 triggered noN-bias.
noN-bias envirronments tends to behave like no-bias, ranging narrowly sideways, or back down to its 2095.50 bias-down signal. But it”s not inappropriate to simply continue rallying.
Having dipped back down to 2099.00, this instance doesn”t seem interested in rallying. That”s interesting, considering the recovery back above this morning”s bias-down parameters. Fulfilling the bias-down target so quickly might have avoided a deeper corrective drop. The alternative should resume the rally today, and time for that is getting scarce.
Exiting the bias environment back under 2096.00 would start to signal the recovery was a detour. And if the rally hasn”t resumed, then the decline should extend to new lows today.
