Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the disable-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/jwl23/public_html/rd.johnlander.me/wp-includes/functions.php on line 6131
Bias-up, up and away? – If, Then… Market Timing

Bias-up, up and away?

By Rod David | January 21, 2014 - 1:33 pm

A very interesting juncture.

[pay]This afternoon’s 1832.50 bias-up signal triggered at 1:20. The highest print at that time was 1835.00, which is being retested now up to 1836.00. Anything higher would all but ensure fulfilling the 1837.25 bias-up target.

RSIs are diverging negatively on the retest of 1835.00. Exiting the bias environment at 2:30 back under 1832.50 wouldn’t invalidate the bias-up, but it would still reverse momentum down.

Otherwise, sellers could be marginalized for the day. Fulfilling the bias-up target could be a formality on the way back to and through the 1844.00 opening highs.

[/pay]

Posted in Bias-parameters, S&P