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All biased-up and nowhere to go. – If, Then… Market Timing

All biased-up and nowhere to go.

Bias-up target met and held.

This morning”s last buy signal at 1965.25 had already met its 1973.00 target, probing it up to 1977.75. A pullback down to 1968.25 allowed 1973.00 to become a buy signal, and it was triggered before noon. Advancing into the bias timing window fulfilled the 1986.00 bias-up target.

Exceeding it at 1:20 would have renewed the bias-up signal, next targeting 1996.00. Fresh highs by 1:30 would have been credible for extending higher to 1996.00. Lacking either of those setups, it”s still a bias-up environment. Fresh highs can be probed.

While a retest of the high is likely, beware its rejection and reaction down into the bias environment lapsing at 2:30. That can get carried away to the downside.

Otherwise, the rally isn”t required to extend any higher today, but the door remains open — whether during the bias-up environment or after it, so long as pullbacks haven”t begun trending down.