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Has the danger passed? – If, Then… Market Timing

Has the danger passed?

Probing positive territory.

This morning”s 2036.25 low bounced back through the 2045.00 open, which was still being tested when the bias environment began lapsing at 11:30.

Fresh highs into noon touched 2054.00, which happens also to be this afternoon”s bias-up signal. It reacted down and the 2046.75 bias-down signal was touched just 1 minute before getting to within 3 minutes of the 1:20 bias timing window. Neither signal triggered.

That hasn”t prevented probing beyond the range, up to 2058.75. It originated during a no-bias environment, so it is “no-bias trending” that requires revisiting the 2054.00 bias-up signal. Often, the consequence includes revisiting the 1:20 print, which was essentially 2049.00.

Just trading back into the noon hour”s range would start to suggest the recovery mode had ended. Extending higher would next target 2062.00.