Bias-parameters
All biased-up, and nowhere to go.
Doubly-renewed bias-up signal touches doubly-renewed bias-up target.
[pay]The pre-open test of Friday morning’s highs and this morning’s 1845.50 bias-up target had pushed back initially before the open. We were even discussing whether the bias-up target’s test was near enough to the open for its rejection to influence the bias parameters.
Moving on…
1845.50 was retested at the open. There was still time to react down from hesitating there. But hesitating there broke higher. That, alone, made a reversal down unlikely. Then it broke higher again. Eventually, what would have been the renewed bias-up target was exceeded on the way to the doubly-renewed bias-up target at 1855.75.
Overbought RSIs at the high require its retest eventually. The “session-long rally” setup expects all but one timing window to probe the prior timing window’s high.
But back under 1852.75 (being tested now) there is potential for a temporary corrective dip to 1849.00 or 1847.50. Back above 1854.00 would signal the rally was quadruply renewing. Or quintuply. I lost count.
[/pay]
Morning bias
[pay]
| MON morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1847.00 | 1840.00 |
| …would target | 1852.50 | 1845.50 |
| Bias-down: under | 1837.75 | 1830.75 |
| …would target | 1830.00 | 1823.00 |
| Signal status: BIAS-UP, BIAS-UP TARGET EXCEEDED | FAQ | |
| INTRO VIDEOS #1 and #2 | ||
1. At 10:15, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target.
2. Not triggering either bias signal at 10:15 would be “no-bias,” and the bias signals should define the morning’s range.
— A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias.
3. Touching the bias signal within 3 minutes either way of 10:15 would invoke a grace period through 10:30 to trigger a late signal.
— “Late” signals don’t require testing the opposite bias signal, but it’s still likely.
4. Still testing the bias signal at 10:30 after invoking the grace period would trigger “noN-bias,” with no bias influence.
[/pay]
Afternoon bias
[pay]
| FRI afternoon signal (triggered at 1:20 ET) | SPX | ES |
| Bias-up: above | 1854.00 | 1847.00 |
| …would target | 1862.00 | 1855.00 |
| Bias-down: under | 1846.00 | 1839.00 |
| …would target | 1840.50 | 1833.50 |
| Signal status: NO-BIAS, TESTED BIAS-DOWN SIGNAL | FAQ | |
| INTRO VIDEOS #1 and #2 | ||
1. At 1:20, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target.
2. Not triggering either bias signal at 1:20 would be “no-bias,” and the bias signals should define the morning’s range.
— A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias.
3. Touching the bias signal within 3 minutes either way of 1:20 would invoke a grace period through 1:30 to trigger a late signal.
— “Late” signals don’t require testing the opposite bias signal, but it’s still likely.
4. Still testing the bias signal at 1:30 after invoking the grace period would trigger “noN-bias,” with no bias influence.
[/pay]
Morning bias
[pay]
| FRI morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1851.75 | 1844.75 |
| …would target | 1858.25 | 1851.25 |
| Bias-down: under | 1843.25 | 1836.25 |
| …would target | 1834.75 | 1827.75 |
| Signal status: LATE NO-BIAS, TESTED BIAS-UP | FAQ | |
| INTRO VIDEOS #1 and #2 | ||
1. At 10:15, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target.
2. Not triggering either bias signal at 10:15 would be “no-bias,” and the bias signals should define the morning’s range.
— A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias.
3. Touching the bias signal within 3 minutes either way of 10:15 would invoke a grace period through 10:30 to trigger a late signal.
— “Late” signals don’t require testing the opposite bias signal, but it’s still likely.
4. Still testing the bias signal at 10:30 after invoking the grace period would trigger “noN-bias,” with no bias influence.
[/pay]
Afternoon bias
[pay]
| THU afternoon signal (triggered at 1:20 ET) | SPX | ES |
| Bias-up: above | 1867.25 | 1860.25 |
| …would target | 1873.75 | 1866.50 |
| Bias-down: under | 1858.50 | 1851.25 |
| …would target | 1853.00 | 1846.00 |
| Signal status: BIAS-DOWN, BIAS-DOWN TARGET EXCEEDED | FAQ | |
| INTRO VIDEOS #1 and #2 | ||
1. At 1:20, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target.
2. Not triggering either bias signal at 1:20 would be “no-bias,” and the bias signals should define the morning’s range.
— A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias.
3. Touching the bias signal within 3 minutes either way of 1:20 would invoke a grace period through 1:30 to trigger a late signal.
— “Late” signals don’t require testing the opposite bias signal, but it’s still likely.
4. Still testing the bias signal at 1:30 after invoking the grace period would trigger “noN-bias,” with no bias influence.
[/pay]