Bias-parameters

Fresh afternoon highs in a no-bias environment.

By Rod David | August 10, 2011 - 1:53 pm

Walking on egg shells.

[pay]If US markets were weighed down by Europe’s sudden sliding, then their closing hasn’t helped.

This morning’s ~1122.00 lows held, but only to form the lower-end of a trading range back up to 1140.00. That’s the noon hour’s highs, which was retested into the 1:20 bias timing window.

The no-bias environment has room for noise to fluctuate between its 1124.75-1143.50 bias signals. Probing beyond them much before 2:30 would be likely to fail.

1140.00 resistance was finally probed a half-hour later, now testing 1143.50 up to 1144.75.

It’s too early for a break above 1143.50 to gain traction, but it can be probed. Meanwhile, it can be retraced down to 1137.50-1139.25. Any lower any later could gain traction for a last-hour downleg.

[/pay]

Posted in Bias-parameters, S&P

FRI afternoon signal (triggered at 1:20 ET)	SPX	ES
Bias-up: above	1190.75	1187.75
…would target	1201.75	1199.00
Bias-down: under	1180.75	1178.00
…would target	1169.50	1166.50
Signal status: NO-BIAS, BIAS-DOWN SIGNAL		FAQ
INTRO VIDEOS #1 and #2

FRI morning signal (triggered at 10:15 ET)	SPX	ES
Bias-up: above	1181.00	1178.00
…would target	1190.50	1187.50
Bias-down: under	1162.25	1159.25
…would target	1151.00	1148.00
Signal status: NO-BIAS, TESTED BIAS-UP SIGNAL		FAQ
INTRO VIDEOS #1 and #2

THU afternoon signal (triggered at 1:20 ET)	SPX	ES
Bias-up: above	1156.00	1153.00
…would target	1166.00	1163.00
Bias-down: under	1147.00	1144.00
…would target	1139.75	1136.75
Signal status: BIAS-UP, BIAS-UP TARGET MET		FAQ
INTRO VIDEOS #1 and #2

THU morning signal (triggered at 10:15 ET)	SPX	ES
Bias-up: above	1134.25	1130.75
…would target	1142.75	1138.25
Bias-down: under	1118.50	1115.00
…would target	1110.50	1107.00
Signal status: waiting for trigger		FAQ
INTRO VIDEOS #1 and #2

Afternoon bias

Morning bias

Afternoon bias

Morning bias

Fresh afternoon highs in a no-bias environment.