VISUALIZE [Gather the inputs of Price points, Tests, Timing] IDENTIFY [Process the inputs into Setups, Patterns, Bias] DO IT [Apply the output via Levels, Triggers, Tactics] CURRENTLY UPDATED CHART: VISUALIZE [Gather the inputs of Price points, Tests, Timing] IDENTIFY [Process the inputs into Setups, Patterns, Bias] DO IT [Apply the output via Levels, Triggers, Tactics] CURRENTLY UPDATED CHART: THU P.M. BIAS STRATEGY: A 60-90 minute bias will trigger at 1:20 ET if: mid-day UPDATE VISUALIZE [Gather the inputs of Price points, Tests, Timing] IDENTIFY [Process the inputs into Setups, Patterns, Bias] DO IT [Apply the output via Levels, Triggers, Tactics] CURRENTLY UPDATED CHART: VISUALIZE [Gather the inputs of Price points, Tests, Timing] IDENTIFY [Process the inputs into Setups, Patterns, Bias] DO IT [Apply the output via Levels, Triggers, Tactics] CURRENTLY UPDATED CHART: FRI A.M. BIAS STRATEGY: A 60-90 minute bias will trigger at 10:15 ET if:Pre-Market Open Predictions - 7:26 AM
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Visualize. Identify. Do It.
Previously : Flat-to-higher ranging hovered at 4016 through midnight before breaking lower at Europe's opens, probing Tue's low down to 3996. Bouncing to 4021 on Fed speaker headlines was reversed even lower to 3990. The 2-way day became a 4-way day when its reaction through the noon hour probed overnight highs up to 4025, but reversed again to fresh lows at 3984.
Overnight price points : Snapping up to 4000 into Wed's close extended to the 4010 Globex open and higher to 4019 by midnight. Surging to 4023 at Europe's opens quickly reacted down to range 4010-4019 since then.
Catalysts : Earnings ongoing, Pre-open econs, holiday-shortened week, Russia invasion rumblings.
Setups/Patterns : Unfinished business, Confirmed break.
Their influences : Wed left outstanding the afternoon's 4030 bias-up target... Wed's second consecutive lower close confirmed Tue's break from the 2-week downtrending channel, which requires at least an eventual third lower close, unless invalidated by proxy of gapping up Thu above Tue's 4006 close (currently indicated).
Premise : Greeting Wed afternoon's FOMC Minutes from above the morning's highs at 4017-4023 was a position of strength and likely to be recovered, and the initial overnight rally has now neutralized its attraction. Wed's opening bullish Globex-flip had the same effect, and was also neutralized. Exiting Thu's open above their 4019-4023 highs would trigger Wed's accumulative properties and put into play multiple upside attractions, starting with unfinished business at 4030 of First neutralizing the bias-down target, and isolating yet another timing window's probe under Tue's lows, enables the higher attraction to launch a morning upleg.
Alternative : Having neutralized all but 4030 overnight, opening in proximity to the last upside attraction yet opening back under 4006 would suggest a more immediate downside objective is intact.
Levels : UP: 4044, 4108, 4133... DOWN: 4001, 3968, 3945.
Stock Market Morning Strategy - 10:59 AM
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Visualize. Identify. Do It.
Previously : Snapping up to 4000 into Wed's close extended to the 4010 Globex open and higher to 4019 by midnight. Surging to 4023 at Europe's opens quickly reacted down to range sideways.
New price points : Attacking 4030 into the open had made a post-open dip likely, which recovered from 4020 to fresh highs at 4034. RSI divergence there made another dip likely. That one is extending down sharply, through the 4013 bias-up signal to 4001.
Catalysts : Earnings ongoing, Pre-open econs, holiday-shortened week, Russia invasion rumblings.
Setups/Patterns : BIAS-UP, TARGET MET.
Their influences : The 4013 bias-up signal should hold as support, or else be retraced.
Triggers/Tactics : Unfinished business at 4030 is neutralized. Having also met the 4029 bias-up target, exiting the bias window under the 3990 bias-down signal would be bearish. Today's attempt to reverse the decline will have refueled sellers for the decline to instead persist -- probably into the weekend.
Alternative : Probing under the 4013 bias-up signal during the bias-up window requires being retested -- without exiting the window under the bias-down signal. If this probe is a headline reaction to this morning's Fed speaker refocusing attention on a 50 bps hike, its reaction down is likely only temporary.
Levels : UP: 4044, 4108, 4133... DOWN: 4001, 3968, 3945.
Tonight's Day Trading Strategy - 11:59 AM
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BIAS-UP will trigger above 3984, targeting 3998.
BIAS-DOWN will trigger under 3968, targeting 3955.
NO-BIAS if still between both signals.
Market Mid-Day Predictions - 1:39 PM
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Closing Wrap is at 3:45 ET / Bias levels
Visualize. Identify. Do It.
Previously : Snapping up to 4000 into Wed's close extended to the 4010 Globex open and higher to 4019 by midnight. Surging to 4023 at Europe's opens was retraced before attacking 4030 into the open, and fresh highs to 4034 post-open. RSI divergence there triggered a sharp reversal that extended prematurely through the 4013 bias-up signal.
New price points : The reversal extended through both bias-down parameters to 3974 at the non hour low, firming since then back up to 3992.
Catalysts : Earnings ongoing, Pre-open econs, one more Fed speaker, holiday-shortened week, Russia invasion rumblings.
Setups/Patterns : LATE BIAS-UP... Invalidated bias.
Their influences : The morning's probe under its 4013 bias-up signal during a bias-up window had required its retrace, which entering the noon hour under the 3990 bias-down signal invalidated.
Triggers/Tactics : Unfinished business at 4030 is neutralized. Having met the 4029 bias-up target, exiting the bias window under the 3990 bias-down signal was bearish. The open's attempt to reverse the decline has refueled sellers for the decline to instead persist -- probably into the weekend.
Alternative : A required retrace of the premature probe under the 4013 bias-up signal was invalidated, but it's still an attraction in case a bounce were to develop (e.g. P.M. bias-up just triggered). That attraction could facilitate closing back above the 4000 and 4006 prior low closes to form more accumulation, which Friday Factors could squeeze back up.
Levels : UP: 4044, 4108, 4133... DOWN: 4001, 3968, 3945.
Session Wrap - 4:32 PM
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Visualize. Identify. Do It.
Today's price points : Snapping up to 4000 into Wed's close extended to the 4010 Globex open and higher to 4019 by midnight. A surge to 4023 later extended to attack 4030 into Thu open, and then fresh highs to 4034 post-open. Reversing down sharply to fresh lows into the noon hour at 3974 recovered almost entirely up to 4028.
Catalysts : Earnings ongoing, Pre-open econs, holiday-shortened week, Russia invasion rumblings.
Setups/Patterns : Accumulation.
Their influences : More fresh lows isolated sellers by exiting timing windows back above prior lows, but still not recovering a prior high.
Premise : The morning's prematurely probed 4013 bias-up signal didn't require retrace, but was still an attraction for the P.M. bias-up. Closing back above the 4000 and 4006 prior low closes formed more accumulation, which Friday Factors can squeeze by gapping up Fri -- probably above 4036.
Alternative : Still not exiting a timing window or closing above a prior high has yet to reverse momentum up, so not gapping up Fri can spend the morning backing-and-filling or resuming the decline.
Levels : UP: 4044, 4108, 4133... DOWN: 4001, 3968, 3945.
Tomorrow's Day Trading Bias Levels - 4:56 PM
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BIAS-UP will trigger above 4026, targeting 4036.
BIAS-DOWN will trigger under 4013, targeting 4000.
NO-BIAS if still between both signals.