Category: Mid-day

Sellers have failed at several swipes they’ve taken at the market. But the P.M. noN-bias signal couldn’t convert its bias-up signal tests into a trigger. Bounces have stopped pessimistically short…
The collapse to 7560 that was produced by Wed’s post-open swings was retraced to the post-open swings’ 7593 equilibrium point. That leaves obligatory resistance at 7597-7599. Hesitating to extend its…
The pullback day is intact, having exited the A.M. window and now also entering the P.M. window at session lows. Nothing requires extending down or extending down at any particular…
Gapping up and extending into the noon hour and then hovering through the close would form a Gap-and-fill setup. Tue’s session would likely correct back down to enable Wed’s rally…
Buying the Iran headline reaction surge couldn’t be justified, not without even correcting 38.2%, let alone 61.8%. The extreme optimism still extended 15 points higher momentarily before collapsing 4x that…
The A.M bullish Globex-flip had suggested sellers wouldn’t be productive this morning, or else they’d be reversed. They weren’t as productive as possible, fulfilling only the bearish Reverse-bias to test…
Has unfinished business above planted the seeds for launching a recovery? Counterbias trending above the 7319 bias-down signal in a bias-down window suggests that buyers are champing at the bit…
Market’s action was telling us something significant was coming around the corner. Last update noted the burden of proof still being on buyers, while ES was around 7400. It then…
Entering the noon hour back under the A.M. bias-up target prevented signaling a bigger corrective bounce under way. That doesn’t necessarily default to resuming the decline — resuming the decline…