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

Post-open Review… Trendless.

No-bias follows tests of both bias signals.

The 2135.00 bias-up signal wasn’t touched within 3 minutes of the 10:15 bias timing window. But it was touched before then. So, an offsetting test of the 2126.50 bias-down signal is in-play. Or, would be in-play, if not tested already during the open. For the same reason, holding the bias-down signal’s test doesn’t put into play an offsetting test of the bias-up signal, because it has been tested already.

Exceeding either signal through 10:30 would have been too late to trigger or to invoke the grace period. But it would have invalidated whatever was triggered at 10:15.

In fact, 2135.00 was probed by 2 points. But still overlapping it at 10:30 prevented invalidating the no-bias. That doesn’t preclude extending higher to test the 2140.75 bias-up target anyway, especially during today’s low-volume environment. But it’s still the least likely resolution. And back under 2132.25 would reverse momentum down.