Bias-parameters

Non-bias trending.

By Rod David | September 1, 2011 - 1:59 pm

Late sell signal must gain traction, or else bigger bounce ahead.

[pay]As happens so often when it has happened in the morning, this afternoon’s bias timing window went into overtime. Its 1214.00 bias-down signal was touched within 3 minutes of 1:20, invoking the grace period.

1214.00 was still being tested at 1:30, so there is not an afternoon bias signal – this is essentially a non-bias environment.

A bounce could have developed, but a sell signal under 1213.00 was triggered first. Its 1208.00 target was already met. Its retest down to 1206.25 is trying to hold.

Not being a “no-bias” environment, none of this drop need be retraced before extending down further. Exiting the bias environment after 2:30 under 1207.00–1208.00 would be likely to trend down. Recovering 1213.00-1214.00 could marginalize sellers until next week.

[/pay]

Posted in Bias-parameters, S&P

TUE morning signal (triggered at 10:15 ET)	SPX	ES
Bias-up: above	1154.50	1153.25
…would target	1160.25	1159.00
Bias-down: under	1145.25	1144.00
…would target	1139.25	1138.00
Signal status: LATE BIAS-DOWN, TESTED BIAS-UP SIGNAL AND BIAS-DOWN TARGET		FAQ
INTRO VIDEOS #1 and #2

SUN/MON signal	SPX	ES
Bias-up: above	1177.25	1176.00
…would target	1183.25	1182.00
Bias-down: under	1170.25	1169.00
…would target	1164.25	1163.00
Signal status: no trigger during holiday		FAQ
INTRO VIDEOS #1 and #2

FRI afternoon signal (triggered at 1:20 ET)	SPX	ES
Bias-up: above	1186.75	1185.25
…would target	1193.25	1192.00
Bias-down: under	1180.25	1179.00
…would target	1175.50	1174.00
Signal status: BIAS-DOWN		FAQ
INTRO VIDEOS #1 and #2

FRI morning signal (triggered at 10:15 ET)	SPX	ES
Bias-up: above	1212.00	1210.50
…would target	1217.75	1216.50
Bias-down: under	1200.00	1198.75
…would target	1194.50	1193.00
Signal status: BIAS-DOWN, BIAS-DOWN TARGET EXCEEDED		FAQ
INTRO VIDEOS #1 and #2

Morning bias

Sunday/Monday bias

Afternoon bias

Morning bias

Non-bias trending.