Bias-parameters
Morning bias
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| THU morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1768.50 | 1763.50 |
| …would target | 1774.00 | 1769.00 |
| Bias-down: under | 1759.25 | 1754.25 |
| …would target | 1753.75 | 1748.75 |
| Signal status: waiting for trigger | 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 | 1772.25 | 1767.25 |
| …would target | 1777.25 | 1772.25 |
| Bias-down: under | 1765.25 | 1760.25 |
| …would target | 1760.00 | 1755.00 |
| 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
[pay]
| WED morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1774.00 | 1769.00 |
| …would target | 1779.50 | 1774.50 |
| Bias-down: under | 1767.25 | 1762.25 |
| …would target | 1762.00 | 1757.00 |
| 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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| TUE afternoon signal (triggered at 1:20 ET) | SPX | ES |
| Bias-up: above | 1769.00 | 1764.00 |
| …would target | 1773.25 | 1768.25 |
| Bias-down: under | 1763.00 | 1758.00 |
| …would target | 1758.00 | 1753.00 |
| Signal status: STILL TESTING 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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LATE BIAS-UP
Overnight strength finds post-open strength, but only so much as to avoid reversing down.
[pay]Pre-open strength touched Sunday night’s 1762.25 “new Globex trend extreme” several minutes before the open. The open surged through it to within 3 ticks of this morning’s 1764.75 bias-up target.
The rest of the open has struggled. a dip to 1759.00 was still testing the 1760.25 bias-up signal at 10:15. It triggered late, but the 1764.75 bias-up target is in-play.
Overbought RSIs at the open’s high require a retest, and its visit could easily touch the bias-up signal, too. The open’s high was almost touched, but its reaction down is now trying to recover from 1760.50.
“Unfinished business” is not left outstanding from a bias environment that triggered late. Overbought RSIs during the opening 15 minutes are least likely to be retested quickly. But usually, their rejections would have actually reversed into negative territory by now.
So long as the bias environment isn’t exited under 1758.00, a fresh session high is likely.
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