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Bias-parameters – Page 1064 – If, Then… Market Timing

Bias-parameters

Afternoon bias

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TUE afternoon signal (triggered at 1:20 ET) SPX ES
Bias-up: above 1321.75 1323’75
…would target 1327 1329’00
Bias-down: under 1316 1318’00
…would target 1308.25 1310’25
Signal status: No-bias FAQ

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Morning bias

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TUE morning signal (triggered at 10:15 ET) SPX ES
Bias-up: above 1312 1314’00
…would target 1318.25 1320’25
Bias-down: under 1307 1309’00
…would target 1298.25 1300’25
Signal status: Still testing bias-down signal FAQ

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No-bias doesn’t mean no-try.

[pay]The 1:20 timing window was at least 2 points under the ESu 1322’00 bias-up signal, signaling no-bias. A spike up through the bias-up signal minutes later was too late to qualify, regardless of whether it was exceeded through 1:30 (it wasn’t). But S&Ps didn’t reverse down, so the bias-up signal’s resistance was chipped away long enough to start making a higher high almost obligatory. And a higher high did reach 1324’00.

The no-bias trending still requires being retraced back to its origin at or under 1320’00. A sell setup that since appeared would be triggered under 1321’00 and targeting the 1316’50 bias-down signal.

But if this weakness can be delayed so that the no-bias gain is maintained through 2:30, then another higher high would also be almost obligatory, targeting the 1328’00 bias-up target (and retest of the overnight high).

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Afternoon bias

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MON afternoon signal (triggered at 1:20 ET) SPX ES
Bias-up: above 1320 1322’00
…would target 1326 1328’00
Bias-down: under 1316.50 1316’50
…would target 1306.25 1308’25
Signal status: No-bias FAQ

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Morning bias

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MON morning signal (triggered at 10:15 ET) SPX ES
Bias-up: above 1319.50 1321’75
…would target 1326.50 1325’75
Bias-down: under 1314.25 1316’50
…would target 1306 1308’25
Signal status: waiting for trigger, testing Bias-up target FAQ

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