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No-bias doesn’t mean buyers won’t try. – If, Then… Market Timing

No-bias doesn’t mean buyers won’t try.

[pay]The ESu 1284’25 bias-up signal had clearly held its test through the 1:20 timing window, signaling No-bias through the next hour. Trending is unlikely to be attempted in this environment, and trending attempts are unlikely to succeed.

Of course, a failed probe of higher highs would be in-line with the template being tracked. And higher highs during a no-bias environment would be likely to fail. So the possibility can’t be discounted. Two tests of the bias-up signal have peaked at 1285’00 and 1285’50, so I would consider entering long above either.

The overnight high or noon hour high might suffice for being the failed probe, and we’ll look at that possibility if the afternoon activity is acting poorly. A failed probe of higher highs could still come later this week, and today’s session could still range sideways through the close.
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