Bias-parameters
Morning bias
[pay]
| THU morning signal (triggered at 10:15 ET) | SPX | ES (H/M) |
| Bias-up: above | 1871.25 | 1871.00/1864.00 |
| …would target | 1876.75 | 1876.50/1869.50 |
| Bias-down: under | 1863.25 | 1863.00/1856.00 |
| …would target | 1858.25 | 1858.00/1851.00 |
| Signal status: NO-BIAS, TESTED BIAS-UP SIGNAL | 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.
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Afternoon bias
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| WED afternoon signal (triggered at 1:20 ET) | SPX | ES |
| Bias-up: above | 1867.25 | 1867.00 |
| …would target | 1873.50 | 1873.25 |
| Bias-down: under | 1861.25 | 1861.00 |
| …would target | 1856.50 | 1856.25 |
| Signal status: NO-BIAS, TESTED BIAS-UP 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.
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Except for that bias-down thing…
Sellers satisfied quickly, which buyers rush to exploit.
[pay]Pre-open lows probed into the 1856.50-1858.00 target area. A post-open bounce held 1861.00 resistance. Its reaction down plummeted to 1853.75.
Post-open action had fulfilled the complexity and trending dictated by yesterday afternoon’s pattern. Post-open lows had fulfilled the targets created by yesterday’s patterns.
None of which means the sell-off has ended, let alone that a bottom has finished forming. Reversing back up above 1856.50-1858.00 all the way to 1864.00 doesn’t mean that either. But it’s a start.
Meanwhile, this is a bias-down environment. Bounces aren’t required to fail, since the 1858.00 bias-down target has been met already. But the 1864.25 bias-down signal should define the range’s upper-end. And exiting the bias environment under 1856.50-1858.00 would suggest the decline was extending.
However, exiting the bias environment at 11:30 back above 1864.25 would suggest that sellers were trapped. And, recall that yesterday’s bullish pattern was inverted? Retesting Friday’s high on that pattern would have reversed down sharply. That steep reversal from a new extreme might have inverted, too, which would be bullish.
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Morning bias
[pay]
| WED morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1870.25 | 1870.00 |
| …would target | 1875.00 | 1875.00 |
| Bias-down: under | 1864.25 | 1864.25 |
| …would target | 1858.25 | 1858.00 |
| Signal status: BIAS-DOWN, BIAS-DOWN TARGET MET | 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.
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Afternoon bias
[pay]
| TUE afternoon signal (triggered at 1:20 ET) | SPX | ES |
| Bias-up: above | 1878.50 | 1878.00 |
| …would target | 1884.25 | 1883.75 |
| Bias-down: under | 1872.50 | 1872.00 |
| …would target | 1667.25 | 1866.75 |
| Signal status: BIAS-DOWN | 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.
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