Bias-parameters
Morning bias
[pay]
| MON morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1810.75 | 1809.25 |
| …would target | 1815.50 | 1814.25 |
| Bias-down: under | 1800.75 | 1799.50 |
| …would target | 1796.00 | 1794.50 |
| Signal status: NO-BIAS | 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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BIAS-UP TARGET (almost) MET
Attacked to within 1 tick, and holding.
[pay]The questions for this morning’s open were centered around the upside. How high Sunday night’s 1809.25 high would be probed, whether testing 1812.00 would react down. Despite blipping-down to 1807.00, a post-open rally has come within 1 tick of the 1812.00 bias-up target.
1812.00 remains in-play, but its attraction has been neutralized. Not that any bias parameter today would be binding on a future session, but there is no requirement to extend any higher.
That said, there is no requirement to peak, and there is not yet any reversal down. But if a reversal down today were valid, then it should also be aggressive.
Timing windows aren’t very relevant today. Regardless of this being a bias-up environment, back under 1809.25 would signal momentum reversing down. There is currently that much room for selling pressure before it could gain traction, assuming it were to extend down aggressively.
Otherwise, extending higher would have potential next to test the 1818.00 area.
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Morning bias
[pay]
| FRI morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1808.25 | 1807.00 |
| …would target | 1813.25 | 1812.00 |
| Bias-down: under | 1803.50 | 1802.25 |
| …would target | 1797.25 | 1796.00 |
| Signal status: 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.
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Afternoon bias
[pay]
| WED afternoon signal (triggered at 1:20 ET) | SPX | ES |
| Bias-up: above | 1808.25 | 1807.00 |
| …would target | 1813.25 | 1812.00 |
| Bias-down: under | 1803.50 | 1802.25 |
| …would target | 1797.25 | 1796.00 |
| Signal status: BIAS-DOWN INVALIDATED | 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
[pay]
| WED morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1808.00 | 1806.50 |
| …would target | 1813.25 | 1812.00 |
| Bias-down: under | 1800.50 | 1799.25 |
| …would target | 1795.50 | 1794.00 |
| Signal status: LATE 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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