Bias-parameters
NO-BIAS, TESTED BIAS-UP SIGNAL
Overnight highs aren’t so much rejected, as not extending.
[pay]Overnight ranging around 1806.00 stopped ranging at the cash session’s opening tick. Price then began trending down, eventually touching 1802.25.
1802.25‘s ultimate support had been identified in the Chartroom after the open. Any lower would have signaled the opening dip was actually a reversal down. Its test reacted up to 1804.25.
Holding 1802.25‘s test does keep alive potential that selling pressure has been fully expended. The problem buyers now face is that the 1805.50 bias-up signal wasn’t recovered by 10:15. Perhaps selling pressure is fully expended, but buyers failed to exploit it. Now an offsetting test of the 1796.00 bias-down signal is in-play.
Recovering the 1805.50 bias-up signal through 10:30 would invalidate whatever was signaled by not yet recovering it at 10:15. Otherwise, recovering the 1805.50 through 11:30 would invalidate the no-bias, only if there were no fresh low under 1802.25.
Back above 1804.50 could get a benefit of the doubt for being able to invalidate the bias signal. But until 10:30 or 11:30, there would be no confirmation that a test of 1796.00 wasn’t still in-play.
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Morning bias
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| MON morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1807.50 | 1805.50 |
| …would target | 1813.75 | 1812.00 |
| Bias-down: under | 1797.75 | 1796.00 |
| …would target | 1792.75 | 1790.75 |
| 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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| FRI afternoon signal (triggered at 1:20 ET) | SPX | ES |
| Bias-up: above | 1803.50 | 1801.75 |
| …would target | 1808.25 | 1806.75 |
| Bias-down: under | 1797.50 | 1796.00 |
| …would target | 1792.50 | 1790.75 |
| 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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Morning bias
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| FRI morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1798.25 | 1796.00 |
| …would target | 1803.75 | 1801.75 |
| Bias-down: under | 1791.50 | 1789.50 |
| …would target | 1786.25 | 1784.00 |
| Signal status: STILL TESTING 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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| THU afternoon signal (triggered at 1:20 ET) | SPX | ES |
| Bias-up: above | 1795.25 | 1792.75 |
| …would target | 1799.50 | 1797.25 |
| Bias-down: under | 1789.25 | 1787.00 |
| …would target | 1785.00 | 1782.50 |
| 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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