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Bias-parameters – Page 724 – If, Then… Market Timing

Bias-parameters

Morning bias

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MON morning signal (triggered at 10:15 ET) SPX ES
Bias-up: above 1267.75 1265.00
…would target 1273.00 1270.25
Bias-down: under 1259.75 1257.00
…would target 1254.00 1251.25
Signal status: BIAS-DOWN, BIAS-DOWN TARGET MET FAQ
INTRO VIDEOS #1 and #2

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Afternoon bias

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FRI afternoon signal (triggered at 1:20 ET) SPX ES
Bias-up: above 1267.25 1264.50
…would target 1272.25 1269.75
Bias-down: under 1259.50 1257.00
…would target 1251.50 1248.75
Signal status: NO-BIAS FAQ
INTRO VIDEOS #1 and #2

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Morning bias

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FRI morning signal (triggered at 10:15 ET) SPX ES
Bias-up: above 1243.00 1240.00
…would target 1248.25 1245.50
Bias-down: under 1235.00 1232.25
…would target 1230.25 1227.25
Signal status: BIAS-UP, BIAS-UP TARGET EXCEEDED FAQ
INTRO VIDEOS #1 and #2

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Bias-up… Denied!

Trending down since the signal, threatening to unwind this morning’s recovery, too.

[pay]I think I mentioned in my last blog post that the 1240.00 bias-up signal had triggered. Actually, I repeated it several times, because 1238.00 was being tested as support.

So, I also described how the bias-up could be invalidated. One of those has happened — the bias environment was exited back under 1240.00 without being recovered into the last hour.

This afternoon’s 1232.25  bias-down signal was just touched, but it’s too late to trigger. Oversold 1-minute RSI has helped its support to launch a 3-1/2 point surge up to 1235.75.

If this bounce were to peak here and reverse back under 1232.25, the bottom should all but drop out. Otherwise, the balance of the session can gravitate back up.

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Afternoon bias

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THU afternoon signal (triggered at 1:20 ET) SPX ES
Bias-up: above 1243.00 1240.00
…would target 1249.00 1246.00
Bias-down: under 1235.25 1232.25
…would target 1228.50 1225.50
Signal status: BIAS-UP, TESTED BIAS-DOWN SIGNAL FAQ
INTRO VIDEOS #1 and #2

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