Bias-parameters
Biased-out.
Post-open selling finally rejected at the very last minute.
[pay]Still defending unchanged levels at the open was itself a sign that buyers were not retaking control. The open eventually dipped back down to the 1432.00 objective that was triggered at yesterday’s close.
RSIs diverged at 1432.00 to launch a bounce back to this morning’s 1435.50 bias-down signal. But no higher. Not when it mattered. Not until the very last-minute.
1435.50 was broken cleanly at 10:15 to trigger bias-down. It was not touched in time to invoke a grace period. But it was recovered through 10:30 to invalidate the bias-down signal.
This is a noN-bias environment. No bias parameter requires being tested.
Back above 1437.50 would suggest anyway that 1441.50 will be tested. Back under 1535.00 would make 1430.50‘s test likely. There is otherwise no requirement to trend in either direction to any specific level, not until the bias environment’s exit at 11:30.
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