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No-bias means no-bias. – If, Then… Market Timing

No-bias means no-bias.

By Rod David | November 25, 2014 - 2:48 pm

Narrow ranging can end now. Hellooo?

This morning”s bias environment exit triggered the 2065.50 buy signal and extended to 2070.50 at the noon hour”s high. This afternoon”s 2069.25 bias-up signal didn”t trigger, but the bias environment was spent ranging narrowly around it.

Now the bias environment is lapsing. Trending may resume, in whichever direction. Waiting much longer might not trend at all. 

At least, not reliably. Volume is starting to disappear, which inhibits trending. If trending gets started, the low volume makes trending difficult to stop, let alone to reverse. Don”t rely on moves to extend.

PROGRAMMING NOTE: For Wednesday”s regular-lengthed session and Friday”s half-day, we”ll still be open as usual. But keep in mind that while trending is possible, it”s less likely.

Posted in Bias-parameters, S&P