noN-bias = no-trending
Narrow ranging since the signal.
[pay]Still testing the 1767.75 bias-down signal at 10:15-10:30 removed any bias influence. No target or offsetting signal’s test was in-play. The morning could have ranged widely, or trended anyway.
It has basically done nothing, fluctuating in a narrow 3-point range. The bias environment is lapsing at 11:30 with the 1767.00-1770.00 range intact.
Above 1770.75 would signal that momentum was reversing up to potentially attack session highs. That’s just 4 points higher. Back under 1767.00 would start to signal new sponsorship was launching a new downleg to resume this morning’s decline.
A decline may be the only way to reintroduce afternoon volatility. That, or recovering from new lows probed during the noon hour.
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