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Post-open Review… Non-committal. – If, Then… Market Timing

Post-open Review… Non-committal.

By Rod David | March 21, 2018 - 10:29 am

REMINDER: I’M AWAY FROM THE SCREENS TODAY BETWEEN 11:15-12:45 ET.

Not without trying, this morning has triggered no-bias. And having held a test of the 2719.00 bias-down signal — thorough testing — an offsetting test of the 2725.25 bias-up signal is in-play. Back above 2720.75 would help to confirm its invalidation attempt had failed.

It’s too late to trigger bias-down or to invoke the grace period, but a dip is probing under 2719.00 now by 2 points to try invalidating the signal. Still overlapping it at 10:30 won’t affect the 10:15 signal. Probing lower would be “no-bias trending” requiring its recovery.

But back under 2719.00 cleanly at 10:30 would invalidate the no-bias signal and its upside objective. Fresh lows this morning for whatever reason could still neutralize the 2710.25 “unfinished business below.” Doing it before or into this afternoon’s FOMC to trap weak-handed shorts to fuel a bullish reaction.

Posted in members-only, Post-open Review, S&P