Bias-parameters
Morning bias
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| THU morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1082.75 | 1079.25 |
| …would target | 1087.75 | 1084.50 |
| Bias-down: under | 1075.75 | 1072.00 |
| …would target | 1070.25 | 1066.75 |
| Signal status: NO-BIAS, TESTED BIAS-DOWN SIGNAL | FAQ | |
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Afternoon bias
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| WED morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1100.00 | 1096.50 |
| …would target | 1108.25 | 1105.00 |
| Bias-down: under | 1191.25 | 1088.00 |
| …would target | 1084.50 | 1081.00 |
| Signal status: NO-BIAS | FAQ | |
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Morning bias
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| WED morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1095.00 | 1091.50 |
| …would target | 1099.75 | 1096.50 |
| Bias-down: under | 1086.75 | 1083.50 |
| …would target | 1078.50 | 1075.00 |
| Signal status: BIAS-UP, BIAS-UP TARGET MET | FAQ | |
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Another bias in a rut?
This morning’s bias environment might be a template for the next hour.
[pay]The 1082.00 bias-down signal was touched, but not broken, so this afternoon is another no-bias environment. The bias-up signal’s test is not required.
The bias timing window’s exit contained a bounce back up to 1086.00. Its recovery would have targeted the bias-up signal. But it’s too late for that to trigger – its recovery through 1:30 might deserve a benefit of the doubt, but I doubt it would benefit.
What’s bad for the goose doesn’t much interest the gander nervous, either. Resuming the drop too soon would be likely to recover – perhaps a little less likely today, since the morning’s inappropriately timed dips did alright.
So, until the bias environment begins lapsing after 2:30, price action might be more similar to this morning’s environment. Resolving down would also be likely.
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Afternoon bias
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| TUE afternoon signal (triggered at 1:20 ET) | SPX | ES |
| Bias-up: above | 1095.50 | 1092.25 |
| …would target | 1101.00 | 1097.75 |
| Bias-down: under | 1085.25 | 1082.00 |
| …would target | 1075.00 | 1071.75 |
| Signal status: NO-BIAS, TOUCHED BIAS-DOWN SIGNAL | FAQ | |
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