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Settling up. – If, Then… Market Timing

Settling up.

Tomorrow morning”s report is inhibiting volatility.

This morning”s bias environment eventually probed above 2053.25 fresh highs at 2055.00. It was pretty choppy getting there. And pretty temporary — the noon hour dipped to 2048.50.

Anxiousness ahead of tomorrow”s pre-open Employment Situation report is probably paralyzing price action to some degree. I suspect any bias will be optimistic. In fact, now 2055.00 is being attacked to within 3 ticks. 

Meanwhile, this is a no-bias environment. But the next hour could test the 2056.50 bias-up signal without becoming bearish “no-bias trending.” And above there would target 2059.00-2060.00, or higher. Back under 2051.00 would start signaling a retest of the opening range around 2044.50.