Posts by Rod David
Saturday Review Link
SPECIAL NOTE: Somehow, transferring to the new site triggered the Email Alerts… 40 times. I apologize for the deluge, and any confusion it may have caused.
Be sure to join us by 9:30am ET for this weekend’s Saturday Review. After discussing the bigger picture and gaming out strategies for playing next week’s likelier opening setups, we’ll do instant analysis of any stock charts that you request… See you there!
Oops – Sorry!
Somehow, transferring to the new site triggered the Email Alerts… 40 times. I apologize for the deluge, and any confusion it may have caused.
— Rod
Morning Bias
| MON morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 2074.50 | 2065.75 |
| …would target | 2080.00 | 2071.25 |
| Bias-down: under | 2064.00 | 2055.25 |
| …would target | 2056.50 | 2047.75 |
| Signal status: BIAS-UP, BIAS-UP TARGET EXCEEDED | FAQ | |
| INTRO VIDEOS #1 and #2 | ||
1. At 10:15, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target.
2. Not triggering either bias signal at 10:15 would be “no-bias,” and the bias signals should define the bias environment’s range.
— A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias.
3. Touching the bias signal within 3 minutes either way of 10:15 would invoke a grace period through 10:30 to trigger a late signal.
— “Late” signals don’t require testing the opposite bias signal, but it’s still likely.
4. Still testing the bias signal at 10:30 after invoking the grace period would trigger “noN-bias,” with no bias influence.
Post-market Wrap (recording & summary)
Was the bearish WedEX influential Friday? The afternoon trended up 10 points in a series of higher highs and higher lows. Trending down 6 points through the final hour still held up above the prior low.
Other than ranging exclusively in negative territory, there was nothing overtly bearish. Not until AFTER the close, which relentlessly ticked down 5 points. I can’t say it’s not optimal confirmation since being post-close is purely a reflection of expiration. But it’s certainly not holistic since the afternoon trended up.
Being a Friday, let alone expiration, the inside day and buyers gaining traction are much less relevant than any other day, if at all. So, trending down sharply Monday (even if gapping up sharply) still remains a possibility.
Details and other markets coverage are discussed in the post-market Wrap recording here.
This weekend’s Saturday Review begins at 9:30am ET in the chaRTroom. Links will be emailed overnight.
Pre-close View… 50 shades of bearish.
Bounce meets target. Will it also meet a bearish WedEX?
The bearish WedEX signal applies no earlier than Friday afternoon. And then it applies. This afternoon has only trended up, so far.
A pullback down to 2056.00 recovered the 2060.25 bias-up signal to trigger a late bias-up. Its 2066.00 bias-up target was met at the high, as the bias environment was lapsing.
And no higher. Price action since then has fallen 5 points to 2061.25.
Ending the day under the afternoon’s 2056.00 low would help to confirm the bearish WedEX is influential. That will have a lot of relevance Monday morning. For the balance of today, the most relevant result will be trending down, or not.