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Bias lapsing, trending can begin. “Can” begin. – If, Then… Market Timing

Bias lapsing, trending can begin. “Can” begin.

By Rod David | March 21, 2011 - 2:47 pm

Out of one line, and into another.

[pay]This afternoon’s bias environment is now lapsing. The 1295.50 bias-up signal was just attacked within 1 tick. Its test is pushing back pretty quickly down to 1293.50.

There’s no bullish reason to probe under 1293.00. And there’s not enough time for its test to recover and break back above 1295.50.

A break higher should be evident by the top of the hour if there will be any more trending up at all today. No further trending is required today, but no more trending today would be vulnerable to ranging narrowly tomorrow.

[/pay]

Posted in Bias-parameters, S&P