S&P
Saturday Review’s recording (for 8/15/15) … Restrained optimism.
The week began with a bang, followed by a couple more, but its wide range and wild ride ended with a whimper. Or so it might have seemed. Beneath the surface there was reason to expect volatility to resume, and without much delay if any. Details were discussed during the Saturday Review, recorded here:
The countdown is on to
The countdown is on to this weekend”s Saturday Review. We”ll look much closer at the bigger picture, and you can request instant analysis of any stock chart. Login to either link below by 9:30am ET:
:
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Morning bias
| MON morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 2095.50 | 2091.00 |
| …would target | 2102.00 | 2097.50 |
| Bias-down: under | 2085.00 | 2080.50 |
| …would target | 2078.25 | 2073.75 |
| Signal status: NO-BIAS, TESTED BIAS-DOWN SIGNAL | FAQ | |
| INTRO VIDEOS #1 and #2 | ||
1. At 10:15, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target.
2. Not triggering either bias signal at 10:15 would be “no-bias,” and the bias signals should define the bias environment”s range.
— A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias.
3. Touching the bias signal within 3 minutes either way of 10:15 would invoke a grace period through 10:30 to trigger a late signal.
— “Late” signals don”t require testing the opposite bias signal, but it”s still likely.
4. Still testing the bias signal at 10:30 after invoking the grace period would trigger “noN-bias,” with no bias influence.
Slow and steady won the
Slow and steady won the race Friday. Much like Thursday, buyers were rewarded for maintaining confidence in the post-open dip holding its test of 2077 and being recovered to at least 2088. Is yet another setup forming with potential to new highs? There”s more than one path down, but we didn”t discuss it nearly as much as other market coverage during the post-market Wrap, recorded here:
https://roddavid10.mitel-nhwc.com/join/shwytzv
We”ll look much closer at the bigger picture during this weekend”s Saturday Review. And you can request instant analysis of any stock chart. Login to either link below by 9:30am ET Saturday:
Win XP-Friendly — http://anymeeting.com/289-161-624
non-xp friendly — https://roddavid10.mitel-nhwc.com/join/shkphyy
Pre-close view… On the launching pad.
Greeting the last hour in position, but without requirement.
Today”s session was expected to range choppily sideways, if not also generally biased upward, at least into late-afternoon.
Late-afternoon has arrived.
The last 60-90 minutes are now free from any particular intraday influences that have inhibited trending. That doesn”t mean trending must being, only that it now may.
Trending up has been a likelier resolution than trending down, and that”s being suggested by having returned to the range”s ~2085.00 upper-end. But any trending attempt that doesn”t quickly extend sharply probably isn”t valid.
Meanwhile, dipping has room down to 2081.50 before suggesting something more substantial than a pullback is underway.