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Baby stairsteps. – If, Then… Market Timing

Baby stairsteps.

Gradually inching higher from the morning”s low.

This morning”s bias timing window did not exceed either bias signal, so “no-bias” triggered at 10:15. Having tested the 2049.25 bias-down signal during that window, an offsetting test of the 2061.50 bias-up signal was put into play.

Sellers have tried to retake control. But a fresh low after 10:30 was recovered. Its recovery has extended gradually and choppily to eventually touch 2057.25. But really, post-open bounces have either touched or momentarily pierced 2055.00. Its resistance is still holding.

Its resistance is being chipped away, too. But meanwhile, its resistance is still holding.

2061.50 is “unfinished business above.” Its eventual test is required, and nothing can change that. An interim dip is possible — unlikely, but entirely possible. Back under 2053.50 and 2051.00 would at least challenge the open”s lows. Otherwise, another fresh high here — like all other post-open highs today — would get every benefit of the doubt for rallying to fresh highs.