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Wind change? – If, Then… Market Timing

Wind change?

Trending down into the noon hour is trying to reverse up.

This morning”s decline extended down to its 1881.75 bias-up target as support, and then probed under it during the noon hour down to 1875.50. Now the afternoon bias environment has produced a rally up to 1906.50.

That”s threatening to probe above the 1905.00 bias-up signal, during a no-bias environment. So, this may be no-bias trending. Any probing above 1905.00 should be retraced to the 1905.00 signal, if not also back down to the 1888.00 area that was being tested at 1:20.

Recovering 1909.00 would get a benefit of the doubt for having absorbed the interim selling. Back under 1897.50 would start to suggest that momentum has reversed down, instead.