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Bias-parameters – Page 774 – If, Then… Market Timing

Bias-parameters

Will bias-up target be rejected, or extended?

Tick, tock…

[pay]es_052711_am.gifThe 1333.50 bias-up target was never put into play because the 1328.50 bias-up signal did not trigger. It was recovered in time only to invalidate the no-bias. That made at least the 1332.00 opening high’s retest likely.

Exiting the bias environment after 11:30 above the 1333.50 bias-up target could be bullish. Until then, buying pressure is being expended when buyers can’t otherwise gain traction for their effort.

RSIs diverged negatively into 1333.50‘s retest, which is pushing back down under the 1332.00 opening high. Recovering it into the noon hour could marginalize sellers for the balance of the day. Otherwise, the next opportunity to reverse down would be back under 1330.00.

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Morning bias

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FRI morning signal (triggered at 10:15 ET) SPX ES
Bias-up: above 1330.00 1328.50
…would target 1335.00 1333.50
Bias-down: under 1323.50 1322.00
…would target 1316.75 1315.25
Signal status: NO-BIAS INVALIDATED, TESTED BIAS-UP SIGNAL FAQ
INTRO VIDEOS #1 and #2

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Afternoon bias

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THU afternoon signal (triggered at 1:20 ET) SPX ES
Bias-up: above 1320.75 1319.25
…would target 1326.75 1325.25
Bias-down: under 1315.00 1313.50
…would target 1308.50 1307.00
Signal status: BIAS-UP FAQ
INTRO VIDEOS #1 and #2

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Morning bias

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THU morning signal (triggered at 10:15 ET) SPX ES
Bias-up: above 1322.75 1321.00
…would target 1328.00 1326.50
Bias-down: under 1316.50 1315.00
…would target 1311.75 1310.00
Signal status: STILL TESTING BIAS-DOWN SIGNAL FAQ
INTRO VIDEOS #1 and #2

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Afternoon bias

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WED afternoon signal (triggered at 1:20 ET) SPX ES
Bias-up: above 1322.75 1321.00
…would target 1327.25 1325.75
Bias-down: under 1316.00 1314.50
…would target 1310.75 1309.00
Signal status: NO-BIAS FAQ
INTRO VIDEOS #1 and #2

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