Bias-parameters
Morning bias
[pay]
| FRI morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1791.75 | 1788.50 |
| …would target | 1797.00 | 1794.00 |
| Bias-down: under | 1785.50 | 1782.50 |
| …would target | 1781.00 | 1777.75 |
| 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]
| THU afternoon signal (triggered at 1:20 ET) | SPX | ES |
| Bias-up: above | 1791.25 | 1787.75 |
| …would target | 1795.75 | 1792.25 |
| Bias-down: under | 1782.25 | 1778.75 |
| …would target | 1775.25 | 1771.75 |
| 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.
[/pay]
Morning bias
[pay]
| THU morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1784.00 | 1779.50 |
| …would target | 1788.50 | 1785.00 |
| Bias-down: under | 1773.50 | 1770.00 |
| …would target | 1767.50 | 1764.00 |
| 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.
[/pay]
Bias-up target met.
And fresh intraday highs are attacking prior overnight highs.
[pay]Extending higher to touch the 1772.25 bias-up target was pushed back momentarily. Its recovery to 1773.75 was pushed back under 1772.25, too. The bias environment is now within view of lapsing 10-15 minutes away.
The premise for probing fresh highs has been fulfilled to a minimal degree by printing fresh intraday highs. Last Thursday’s 1774.50 pre-open high has been attacked to within 3 ticks, but remains likely to be probed up to 1777.57 or 1779.50.
Meanwhile, the bias environment produced a fresh session high. Exiting the bias environment above its prior low helps to keep alive the rally’s momentum.
Back under 1769.50 would start to suggest the rally isn’t extending higher today. But momentum doesn’t reverse down without also breaking under 1768.00, probably no later than entering the final hour.
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Afternoon bias
[pay]
| WED afternoon signal (triggered at 1:20 ET) | SPX | ES |
| Bias-up: above | 1769.50 | 1766.00 |
| …would target | 1775.75 | 1772.25 |
| Bias-down: under | 1763.00 | 1759.50 |
| …would target | 1756.50 | 1753.00 |
| Signal status: BIAS-UP | 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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