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Still testing bias-down signal. – If, Then… Market Timing

Still testing bias-down signal.

Opening recovery attempt trying to avoid bias-down.

[pay]Despite bouncing to 1798.50, the 1796.00 bias-down signal was touched at 10:15 to invoke the grace period. Holding as support through 10:30 would still trigger no-bias, and put into play an offsetting test of the 1805.00 bias-up signal. But being triggered late, a fresh high above 1798.50 at 10:30 would be helpful confirmation.

Back under 1796.00 through 10:30 would trigger bias-down. Also for having been triggered late, fresh lows at 10:30 would help to confirm. That would be more difficult, since that would be under 1793.00.

That wouldn’t invalidate the late bias-down. “Lower prior highs” at 1791.50 and the 1791.00 bias-down target would still be in-play. Still overlapping bias-down at 10:30 would be likely to trend down, too.

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