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No-bias highs. – If, Then… Market Timing

No-bias highs.

By Rod David | August 6, 2008 - 2:43 pm

[pay]S&Ps did rally to higher highs at ESu 1288’00 despite the move originating during a no-bias environment. With no particular timing – except sooner, rather than later – no-bias trending is required to be retraced entirely back to its 1:20 origin, and often through it. This is 1283’00, and back under 1285’50 would signal the move underway. Otherwise, whether or not sustainable, this leg is targeting the 1291’00-1292’00 area.

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Posted in Bias-parameters, S&P