Bias-parameters

No-bias, no trending.

By Rod David | December 6, 2011 - 1:55 pm

Repeatedly returning to unchanged really puts a damper on things.

[pay]This afternoon’s 1257.50 bias-up signal was still being tested within 3 minutes of the 1:20 timing window, invoking the 10-minute grace period. It was recovered up to 1259.00 by 1:30, to signal “late bias-up.”

Its 1262.75 bias-up target is in-play, and 1262.75 would become “unfinished business above” if the bias environment were exited at 2:30 above 1257.50. But a “late” bias signal is more vulnerable to exiting the bias environment back under its signal, which would invalidate 1262.75.

Back under 1256.25 would start to suggest the late bias-up had failed. Meanwhile, potential for fresh afternoon highs and fresh session highs depends a lot upon resuming the rally without further delay.

[/pay]

Posted in Bias-parameters, S&P

THU afternoon signal (triggered at 1:20 ET)	SPX	ES
Bias-up: above	1248.75	1242.50
…would target	1255.25	1249.00
Bias-down: under	1230.25	1236.50
…would target	1236.25	1230.00
Signal status: BIAS-DOWN		FAQ
INTRO VIDEOS #1 and #2

THU morning signal (triggered at 10:15 ET)	SPX	ES
Bias-up: above	1265.00	1259.25
…would target	1270.00	1264.25
Bias-down: under	1257.50	1251.75
…would target	1251.00	1246.25
Signal status: BIAS-DOWN, BIAS-DOWN TARGET EXCEEDED		FAQ
INTRO VIDEOS #1 and #2

WED afternoon signal (triggered at 1:20 ET)	SPX	ES
Bias-up: above	1254.75	1254.25
…would target	1260.00	1259.50
Bias-down: under	1250.75	1250.25
…would target	1243.50	1243.00
Signal status: BIAS-UP		FAQ
INTRO VIDEOS #1 and #2

WED morning signal (triggered at 10:15 ET)	SPX	ES
Bias-up: above	1260.00	1259.50
…would target	1267.25	1267.00
Bias-down: under	1254.25	1254.00
…would target	1248.75	1248.25
Signal status: BIAS-DOWN, BIAS-DOWN TARGET MET		FAQ
INTRO VIDEOS #1 and #2

Afternoon bias

Morning Bias

Afternoon bias

Morning bias

No-bias, no trending.