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Still hanging on the hole’s edge. – If, Then… Market Timing

Still hanging on the hole’s edge.

Hovering at session highs.

Probing above the 2128.00 bias-up signal this morning was likely to touch 2129.00, if not also 2130.25. Both were touched.

The noon hour”s narrow range has centered around 2129.00, repeatedly holding tests of 2130.25 resistance. This afternoon”s bias parameters just triggered no-bias.

Participation is starting to evaporate. Not so much as it will tomorrow, but the pattern has become more vulnerable to knee-jerk reactions. That can cut either way.

Back under 2127.25 would be attracted to test 2122.50. A fresh high might probe above the 2131.00 bias-up signal, but only temporarily if originated during this afternoon”s no-bias environment.

Regardless, the easy trade is done. One strategy this afternoon is to be stopped into a long or short beyond the 2128.00-2130.00 range, and then to be quick to exit what would likely be retraced. Otherwise, I”ll be monitoring for those extremes to fade.