Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the disable-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/jwl23/public_html/rd.johnlander.me/wp-includes/functions.php on line 6170
No-bias target. – If, Then… Market Timing

No-bias target.

By Rod David | August 6, 2008 - 3:03 pm

[pay]A surge to ESu 1291’75 has fulfilled targets. Overbought 3-minute RSI at the high requires its retest following a pullback. I have no active higher targets, and will monitor for long-entry parameters in case of a deep enough pullback. I probably won’t be looking aggressively for a short-entry parameter until a pullback does retest the high.

The rally could extend higher (1303’00, anyone?), and if still long expecting that, pullbacks should recover quickly from any dip to 1288’00-1289’00 to avoid sellers gaining traction.

[/pay]

Posted in Bias-parameters, S&P