Posts by Rod David
Miss this weekend”s Saturday Review?
Miss this weekend”s Saturday Review? Here”s its recording(s), either in MP4 or the traditional format. This week”s initial possible paths were described in detail, including each path”s consequences, and how to know early which path we”re on. Also included in that detail is the technical and chart-based reasons, which can be applicable to any stock, index or commodity pattern… The chaRTroom will re-open Sunday night with Globex, and I”ll send its links before then — meanwhile, enjoy the weekend!
MP4: http://www.anymeeting.com/nrodpywxnayx/E950D98488463B
ilinc: https://roddavid10.mitel-nhwc.com/join/vsxwkzb
REMINDER: Join us for Saturday
REMINDER: Join us for Saturday Review at 9:30am ET to discuss the bigger picture”s expected price action character and targets, We”ll also review your stock chart analysis requests:
XP-Friendly: https://www.anymeeting.com/684-991-174
xp UNfriendly: https://roddavid10.mitel-nhwc.com/join/shkphyy
Morning bias
| MON morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 2128.50 | 2121.75 |
| …would target | 2034.00 | 2127.25 |
| Bias-down: under | 2120.50 | 2113.75 |
| …would target | 2115.50 | 2108.75 |
| Signal status: NO-BIAS, TESTED BIAS-UP SIGNAL | 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.
The bullish WedEX came through,
The bullish WedEX came through, preventing even a retest of the morning”s low. The last two hours trended up 6 points to 2120. That met the 2119.75 objective put into play by touching the morning”s 2112.75 bias-down signal.
Having been influential Friday afternoon, WedEX is likely to influence Monday morning, too. And having been only mildly influential — relative to the intraday range — WedEX”s influence Monday morning could be very aggressive.
Meanwhile, the setup trending relentlessly to new highs remains intact, with interesting pattern points being visited simultaneously by the Euro, Gold and the 30-year Treasury. Join us for Saturday Review at 9:30am ET to discuss the bigger picture”s expected price action character and targets:
XP-Friendly: https://www.anymeeting.com/684-991-174
xp UNfriendly: https://roddavid10.mitel-nhwc.com/join/shkphyy
Meanwhile, here”s Friday”s post-market Wrap recording:
https://roddavid10.mitel-nhwc.com/join/vsxwksb
Pre-close view…Making lemonade.
Retesting the post-open high.
The opening 15 minutes” downtrend may have been correct to reflect a lack of buyers. But not probing a relevant support also correctly reflected that sellers were lacking, too.
And not extending down left an environment that could respond to the bullish WedEX. So, the a 4-piont surge greeted the bias environment starting to lapse.
This being expiration, trending through the close is likely, if trending is already underway. Trending up can more difficult than down, but less so when so many opportunities to trend down have not extended.