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

Bias-up target met.

By Rod David | April 30, 2008 - 11:42 am

[pay]The repeated knocking at yesterday’s highs finally opened the door to a quick 3-point pop that touched this morning’s ESm 1400’00 bias-up signal. A 20-minute range is seeing its lower-end deteriorate, along with MACD & RSI, but not with any velocity. Back under 1397’50 would put into play at least a corrective drop targeting 1392’25. Any lower from there could have devastating effects. Regardless, it doesn’t seem that FOMC will be greeted from a defensive posture.[/pay]

Posted in Bias-parameters, S&P