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Bias-down signaled and confirmed, but… – If, Then… Market Timing

Bias-down signaled and confirmed, but…

By Rod David | May 9, 2008 - 1:35 pm

[pay]The ESm 1386’00 bias-down signal was still being tested at the 1:20 timing window, but it was broken through 1:30 to confirm. Bounces should hold any test of 1387’00 and quickly resolve down if the signal is valid. Even then, after some whipsaw the signal would still have a chance at reinstating back under 1385’00. A short-squeeze is possible so a stop should be in place and honored – especially on a Friday.[/pay]

Posted in Bias-parameters, S&P