Bias-parameters
Afternoon bias
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| TUE afternoon signal (triggered at 1:20 ET) | SPX | ES |
| Bias-up: above | 1839.25 | 1834.00 |
| …would target | 1844.75 | 1839.25 |
| Bias-down: under | 1832.50 | 1827.00 |
| …would target | 1826.50 | 1821.25 |
| Signal status: NO-BIAS | 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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BIAS-UP RENEWED.
Bias-up target being exceeded through the bias timing window.
[pay]Gapping up above yesterday afternoon’s high was likely to extend higher aggressively, if it was going to extend higher at all. There was on post-open econ report to inhibit the cash session crowd from picking up where yesterday afternoon’s sponsorship let go.
Except for a bobble back down to within 1 tick of this morning’s 1826.00 bias-up signal, the open surged. The first 15 minutes of volatility was exited above 1828.00 to make the bias-up signal likely to trigger 30 minutes later. And it did.
Also 30 minutes later, the 1831.25 bias-up target was exceeded. That renews the bias-up signal, next targeting 1836.00-1836.50.
As for gapping up above yesterday afternoon’s high, that doesn’t necessarily form a “session-long rally” setup. The bias environment’s high was lower, so not as much selling is being rejected. But yesterday’s closing action did trend down, which clearly has been rejected, so the recovery gets every benefit of the doubt.
Back under 1830.50 would start to signal at least a corrective dip underway. Otherwise, I would be very reluctant to sell strength.
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Morning bias
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| TUE morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1832.50 | 1826.00 |
| …would target | 1836.50 | 1831.25 |
| Bias-down: under | 1823.25 | 1818.00 |
| …would target | 1818.00 | 1812.50 |
| 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.
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Afternoon bias
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| MON afternoon signal (triggered at 1:20 ET) | SPX | ES |
| Bias-up: above | 1831.50 | 1826.00 |
| …would target | 1836.50 | 1831.00 |
| Bias-down: under | 1821.50 | 1816.00 |
| …would target | 1815.25 | 1809.75 |
| Signal status: waiting for trigger | 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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Morning bias
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| MON morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1834.25 | 1829.00 |
| …would target | 1840.50 | 1835.25 |
| Bias-down: under | 1828.50 | 1823.25 |
| …would target | 1823.25 | 1818.00 |
| 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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