NO-BIAS, again.

Range’s upper-end still being attacked.

[pay]The noon hour’s probe above 1804.00 has only ranged sideways instead of extending above 1805.50 to signal momentum extending higher, and to perhaps trigger the 1806.50 bias-up signal. A dip held 1804.00 as support instead of extending down under 1803.00 to signal momentum reversing down.

This is a no-bias environment. Probing above the 1806.50 bias-up signal would be “no-bias trending” and doomed to failure. Doomed though it may be, this environment is not inappropriate for those sorts of weak-handed moves.

Breaking under 1803.00 would not be contradictory to the no-bias signal, since there is room to the 1799.25 bias-down signal without being trending. And there is unfinished business below it at 1796.00.

So, a fresh high wouldn’t be reliable for trending higher, but it would be credible for trying. Unfortunately, that might be what passes as a setup in this low volume pre-holiday environment.

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