Bias-parameters
Afternoon bias
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| FRI afternoon signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1101.25 | 1096.50 |
| …would target | 1105.75 | 1101.00 |
| Bias-down: under | 1092.25 | 1087.50 |
| …would target | 1086.50 | 1081.75 |
| Signal status: NO-BIAS | FAQ | |
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Morning bias
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| FRI morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1102.75 | 1098.00 |
| …would target | 1107.75 | 1103.00 |
| Bias-down: under | 1095.75 | 1091.00 |
| …would target | 1088.50 | 1083.75 |
| Signal status: NO-BIAS, TESTED BIAS-UP SIGNAL | FAQ | |
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No-bias squeeze.
No-bias environment sucked out the volatility. Now the no-bias is lapsing.
[pay]A subscriber asked me to repeat the comments I just made in the chartroom:
We caught three satisfying, multi-point moves this morning. Admittedly, some of that satisfaction comes from having played both sides of the market successfully. Anyway, some might consider this justifies taking a wider selection of setups this afternoon. I believe it justifies being even more selective. This isn’t a Hold-em tournament whose blinds are being raised every half-hour. There’s no rush.
In fact, there has been only noise since triggering the afternoon’s no-bias environment. Perhaps the action can be characterized as a bounce, or it might become one. Regardless, there is room up to 1097.00-1098.00 before buyers would start gaining traction.
The test of 1095.00 might suffice for resuming the decline. The no-bias environment began lapsing at 2:30, and back under its 1091.75 bias-down signal would indicate the decline had already resumed.
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Afternoon bias
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| THU afternoon signal (triggered at 1:20 ET) | SPX | ES |
| Bias-up: above | 1102.75 | 1098.00 |
| …would target | 1107.00 | 1102.25 |
| Bias-down: under | 1096.50 | 1091.75 |
| …would target | 1092.25 | 1087.50 |
| Signal status: NO-BIAS, TESTED BIAS-DOWN SIGNAL | FAQ | |
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Morning bias
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| THU morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1114.00 | 1109.25 |
| …would target | 1119.50 | 1114.75 |
| Bias-down: under | 1103.75 | 1099.00 |
| …would target | 1096.50 | 1091.75 |
| Signal status: BIAS-DOWN | FAQ | |
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