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Bias-parameters – Page 759 – If, Then… Market Timing

Bias-parameters

Morning bias

By Rod David | July 15, 2011 - 5:08 pm

[pay]

MON morning signal (triggered at 10:15 ET) SPX ES
Bias-up: above 1318.00 1314.00
…would target 1323.25 1319.25
Bias-down: under 1314.00 1310.00
…would target 1308.75 1304.75
Signal status: BIAS-DOWN, BIAS-DOWN TARGET EXCEEDED FAQ
INTRO VIDEOS #1 and #2

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Posted in Bias-parameters, S&P

Afternoon bias

By Rod David | July 15, 2011 - 11:59 am

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FRI afternoon signal (triggered at 1:20 ET) SPX ES
Bias-up: above 1316.25 1312.00
…would target 1323.75 1319.75
Bias-down: under 1308.00 1304.00
…would target 1302.00 1297.75
Signal status: NO-BIAS, TESTED BIAS-UP SIGNAL FAQ
INTRO VIDEOS #1 and #2

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Posted in Bias-parameters, S&P

Morning bias

By Rod David | July 14, 2011 - 7:46 pm
FRI morning signal (triggered at 10:15 ET) SPX ES
Bias-up: above 1316.00 1312.00
…would target 1324.00 1320.00
Bias-down: under 1307.00 1303.00
…would target 1299.50 1295.50
Signal status: NO-BIAS, TESTED BIAS-UP SIGNAL FAQ
INTRO VIDEOS #1 and #2
Posted in Bias-parameters, S&P

Afternoon bias

By Rod David | July 14, 2011 - 12:01 pm

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THU afternoon signal (triggered at 1:20 ET) SPX ES
Bias-up: above 1320.50 1316.50
…would target 1325.00 1321.00
Bias-down: under 1316.00 1312.00
…would target 1310.00 1306.00
Signal status: BIAS-DOWN, BIAS-DOWN TARGET MET FAQ
INTRO VIDEOS #1 and #2

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Posted in Bias-parameters, S&P

Bias-up target holds two major tests.

By Rod David | July 14, 2011 - 10:54 am

Pre-open strength bites off a little more than it can chew.

[pay]A dip into the open was recovered quickly back above the 1316.25 bias-up signal. The recovery extended higher just as quickly to test the 1322.50 bias-up target. The target wasn’t exceeded through 10:15, so the bias-up signal was not renewed.

A retest of 1322.50 probed a fresh high that was rejected by 10:30. The reaction down just touched 1315.00.

The 1316.25 bias-up signal should hold any test as support during the bias-up environment. This is not a requirement, having fulfilled the bias-up target, but extending down would be among the rare exceptions.

Towards that end, 1-minute RSI is oversold at 1315.00. It’s not a buy signal, but it does make it more difficult to extend further down this morning. By the same token, it makes extending down this morning that much more bearish.

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Posted in Bias-parameters, S&P