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NO-BIAS, TESTED BIAS-DOWN SIGNAL – If, Then… Market Timing

NO-BIAS, TESTED BIAS-DOWN SIGNAL

Clearing one more hurdle would be helpful, though.

[pay]The pre-open plunge from attacking 1811.50 fell to 1802.50. The first half-hour ranged around the 1805.25 bias-down signal instead of extending down further.

Now the the 1805.25 bias-down signal has held through 10:15 to trigger no-bias. And having held a test of the bias-down signal, an offsetting test of the 1812.00 bias-up signal is in-play.

All of which is in-line with the premise that pessimism upon attacking 1812.00 makes its test likelier, and any interim sell-off should recover.

Recovering 1807.00-1808.00 by now would have been helpful confirmation that momentum was actually reversing up. Back under the 1805.25 bias-down signal through 10:30 would still invalidate the 10:15 no-bias signal.

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