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Bias-down target met. – If, Then… Market Timing

Bias-down target met.

By Rod David | August 19, 2008 - 10:31 am

[pay]The ESu 1267’00 bias-down target was still being tested as support through 10:30, having been 1 point lower momentarily. There is no buy signal of any kind to be construed from this, but the trend remains down so long as 1269’00 and 1271’00 hold bounces. Any higher would simply be expected to get a little more top-heavy before resuming the decline, potentially targeting 1255’00 and 1248’00 areas today or tomorrow morning.

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Posted in Bias-parameters, S&P