The Not-no-bias-down signal.

[pay]The ESu 1257’75 bias-down signal was recovered at 10:15 to signal no-bias. A dip from there threatened to be back under the bias-down signal at 10:30. This would not have been a “late bias-down signal,” as would have been possible if the bias-down target were still being tested at 10:15.

A bias signal – whether clean or late – would have implications that define a trade. An invalidated signal has no implications. This is the influence of expiration that makes trade setups problematic.

It’s academic anyway, because S&Ps have bounced from 1253’25 to recover the bias-down signal going into 10:30. That’s “no-bias” and it makes the 1262’50 bias-up signal’s test likely if if expiration influences and 1260’00 don’t put up too much fight.

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