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Bias-parameters – Page 709 – If, Then… Market Timing

Bias-parameters

Afternoon bias

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THU afternoon signal (triggered at 1:20 ET) SPX ES
Bias-up: above 1276.75 1271.75
…would target 1282.00 1277.00
Bias-down: under 1269.75 1264.75
…would target 1263.50 1258.50
Signal status: BIAS-UP FAQ
INTRO VIDEOS #1 and #2

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Morning bias

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THU morning signal (triggered at 10:15 ET) SPX ES
Bias-up: above 1279.50 1274.50
…would target 1284.75 1279.75
Bias-down: under 1274.75 1269.75
…would target 1269.75 1264.75
Signal status: BIAS-DOWN, BIAS-DOWN TARGET MET FAQ
INTRO VIDEOS #1 and #2

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Afternoon bias

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WED afternoon signal (triggered at 1:20 ET) SPX ES
Bias-up: above 1276.25 1271.00
…would target 1281.00 1276.00
Bias-down: under 1270.50 1265.50
…would target 1263.50 1258.25
Signal status: NO-BIAS, TESTED BIAS-UP SIGNAL FAQ
INTRO VIDEOS #1 and #2

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Morning bias

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WED morning signal (triggered at 10:15 ET) SPX ES
Bias-up: above 1281.00 1276.00
…would target 1286.25 1281.25
Bias-down: under 1273.00 1268.00
…would target 1267.50 1262.50
Signal status: BIAS-DOWN FAQ
INTRO VIDEOS #1 and #2

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Suspicious of the bias-down.

Triggered signal having difficulty extending down.

[pay]This afternoon’s 1273.25 bias-down signal was triggered through 1:20, which puts into play a test of the 1267.25 bias-down target.

Before 1:20, relevant support at 1271.00 was also tested. But it was not broken through 1:20. And it was not broken through 1:30, despite being tested again just minutes before.

That is not in itself predictive, but it undermines the bias-down signal’s prediction.

2:00’s FOMC Minutes is being greeted from 1273.25. Exiting the bias environment at 2:30 above or below 1273.25 would be capable of trending in that direction, perhaps even likely.

Meanwhile, the bias-down is at risk, or needing a big drop to help validate it.

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