Bias-parameters

No-bias ranging has ended.

By Rod David | May 1, 2012 - 2:49 pm

Slow creep lower is testing critical support.

[pay]The morning’s attack on 1412.00 has now reacted down to test 1406.50. These are this afternoon’s bias parameters. It’s too late to trigger either, but they have contained this afternoon’s no-bias environment.

Now the bias environment is lapsing.

Any lower would target 1401.00, whose break could retrace all of today’s gain back into negative territory.

Entering the session’s last hour back above 1409.25 would be a big step toward resuming the rally into the close.

[/pay]

Posted in Bias-parameters, S&P

Afternoon bias

By Rod David | May 1, 2012 - 11:59 am

[pay]

TUE Aafternoon signal (triggered at 1:20 ET)	SPX	ES
Bias-up: above	1416.00	1412.00
…would target	1421.75	1417.75
Bias-down: under	1410.50	1406.50
…would target	1405.00	1401.00
Signal status: NO-BIAS		FAQ
INTRO VIDEOS #1 and #2

[/pay]

Posted in Bias-parameters, S&P

WED morning signal (triggered at 10:15 ET)	SPX	ES
Bias-up: above	1408.00	1404.00
…would target	1413.75	1409.75
Bias-down: under	1401.50	1397.50
…would target	1395.00	1391.00
Signal status: BIAS-DOWN, BIAS-DOWN TARGET MET		FAQ
INTRO VIDEOS #1 and #2

Morning bias

Afternoon bias

Morning bias

No-bias ranging has ended.

Afternoon bias

THU morning signal (triggered at 10:15 ET)	SPX	ES
Bias-up: above	1405.00	1401.00
…would target	1410.00	1406.00
Bias-down: under	1397.50	1393.50
…would target	1392.25	1388.25
Signal status: LATE BIAS-DOWN		FAQ
INTRO VIDEOS #1 and #2

WED afternoon signal (triggered at 1:20 ET)	SPX	ES
Bias-up: above	1401.00	1397.00
…would target	1406.75	1402.75
Bias-down: under	1396.50	1392.50
…would target	1390.50	1386.50
Signal status: LATE NO-BIAS		FAQ
INTRO VIDEOS #1 and #2