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Fresh afternoon highs in a no-bias environment. – If, Then… Market Timing

Fresh afternoon highs in a no-bias environment.

Walking on egg shells.

[pay]If US markets were weighed down by Europe’s sudden sliding, then their closing hasn’t helped.

This morning’s ~1122.00 lows held, but only to form the lower-end of a trading range back up to 1140.00. That’s the noon hour’s highs, which was retested into the 1:20 bias timing window.

The no-bias environment has room for noise to fluctuate  between its 1124.75-1143.50 bias signals. Probing beyond them much before 2:30 would be likely to fail.

1140.00 resistance was finally probed a half-hour later, now testing 1143.50 up to 1144.75.

It’s too early for a break above 1143.50 to gain traction, but it can be probed. Meanwhile, it can be retraced down to 1137.50-1139.25. Any lower any later could gain traction for a last-hour downleg.

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