Bias-parameters
Yes, we have no-bias. Again.
Range-bound session persists.
[pay]The test of this morning’s 1672.50 bias-up signal retraced back down to the 1667.00 pre-open low. And no lower. Its reaction up is now once again unchanged at 1670.50.
Spending the entire noon hour in negative territory under 1670.50, without extending lower through the 1:20 bias timing window, does create some pent-up buying pressure. A similar setup gave buyers a benefit of the doubt through the open.
But there is still nothing about this session to indicate it wants to trend. That is always the likeliest scenario for Fridays, unless overcome during the open.
Another window does open when the bias environment begins lapsing at 2:30. Trending need not be attempted at all, but the first trending attempted beyond 1668.00-1671.00 could get a very small benefit of the doubt for extending in that direction.
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