DAILY SCHEDULE
First, watch the pre-open Tour recording HERE <<==
Then, meet in the chaRTroom here by 9:15 ET for updates and Q&APre-Open Market Open - 7:05 AM
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Stock Market Opening Trends - 10:31 AM
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Tonight's Day Trading Strategy - 11:59 AM
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Proper context can start the day with a solid win and make all the difference.
REMINDER: I'M UNAVAILABLE BY NOON. PM BIAS PARAMETERS SHOULD BE AVAILABLE, BUT NO OTHER UPDATES UNTIL THIS EVENING...
Rallying off of the 2767.25 overnight low gained 20 points at the pre-open high. It was retested post-open, but never exceeded to signal momentum reversing up. Reversing back down triggered this morning's 2780.25 bias-down signal and extended to 2772.00, but was still overlapping the 2775.25 bias-down target at 10:15 to avoid renewing the bias-down signal.
It's still a bias-down environment. Which fresh lows at 2769.50 after 10:15 are confirming.
It's still a bias-down environment. So, the decline can still extend to what would have essentially been its renewed bias-down target at 2763.00. But the lower target isn't in-play, and the entire session's lower volume undermines any other usual reliability.
Meanwhile, RSIs aren't deteriorating, which is also undermining the decline's reliability. Selling pressure isn't increasing, so back above 2778.00 -- and recovering the 2780.25 bias-down signal when the bias environment begins lapsing -- would point higher through the afternoon.
TUE afternoon signal (triggered at 1:20 ET)
SPX
ES
Bias-up: above
2772.50
2773.00
...would target
2779.75
2780.25
Bias-down: under
2761.75
2762.25
...would target
2754.50
2755.00
Signal status: BIAS-DOWN, BIAS-DOWN TARGET MET
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NEW: BIAS VIDEOS... INTRO // EXAMPLE
1. At 1:20, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target.
2. Not triggering either bias signal at 1:20 would be "no-bias," and the bias signals should define the bias environment's range.
-- A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias.
3. Touching the bias signal within 3 minutes either way of 1:20 would invoke a grace period through 1:30 to trigger a late signal.
-- "Late" signals don't require testing the opposite bias signal, but it's still likely.
4. Still testing the bias signal at 1:30 after invoking the grace period would trigger "noN-bias," with no bias influence.