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 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: MON A.M. BIAS STRATEGY: A 60-90 minute bias will trigger at 10:15 ET if:Pre-Open Stock Market Plan - 7:20 AM
Edit
Visualize. Identify. Do It.
Previously : Flat-to-higher fluctuation around and above the bias-up signal had probed the 4054 bias-up target before 8:30's econ reports, then higher to quickly probe the overnight high up to 4068. A bearish setup was triggered by reversing back under the 4059 open which attacked Wed's 4033 close Another bounce was reversed to fresh lows at 4027, during a bias-up window to define its sellers as weak-handed. Reversing up into and out of the noon hour extended to 4077 through the close.
Overnight price points : Reacting down 10 points through Thu's close to 4069 hovered under 4067 throughout the night. A test of the 4058 bias-down signal during Europe's opens is now bouncing back to 4069 for the first time.
Catalysts : Fri econs, Earnings ongoing, Fed-heads blackout.
Setups/Patterns : Friday Factors.
Their influences : The weekend's impending illiquidity can influence last-minute price action, such as the morning's bias tending to persist through the noon hour, and the PM Drift setup.
Premise : Like Tue and Wed's intraday patterns, but different versions, each of Thu's intraday dips were accumulation, having originated from probes above Mon's 4051-4056 prior highs. This makes three consecutive accumulative sessions, which can be leveraged aggressively by Friday Factors if the reaction to today's econ reports triggers early strength.
Alternative : This morning's econ reports can be a bearish catalyst, but a reaction down has plenty of room before turning the pattern bearish, needing to exit a timing window under Thu's 4027-4035 lows to suggest that Thu's highs had already fulfilled the two prior sessions' accumulation.
Levels : UP: 4074 4090... DOWN: 4044 4031 4012.
Stock Market Opening Trends - 11:04 AM
Edit
Visualize. Identify. Do It.
Previously : Reacting down 10 points through Thu's close to 4069 hovered under 4067 throughout the night. A test of the 4058 bias-down signal during Europe's opens is now bouncing back to 4069 for the first time.
New price points : Muted reaction to 8:30's econ left it to the open's relief rally for surging to 4082 and then 4094 into and out of 10:00's econs -- the 61.8% gap proxy and its 161.8% counterpart. The latter's resistance was anticipated to be reinforced by the 4095 bias-up target, helping to anticipate a reaction back down into negative territory under the 4064 open.
Catalysts : Fri econs, Earnings ongoing, Fed-heads blackout.
Setups/Patterns : BIAS-UP... Friday Factors.
Their influences : The 4095 bias-up target was met to within 3-6 ticks, so it won't become unfinished business if left outstanding (as seems likely)... The weekend's impending illiquidity can influence last-minute price action, such as the morning's bias tending to persist through the noon hour, and the PM Drift setup.
Triggers/Tactics : This week's accumulation is being influential, but too optimistic near-term. Already retracing the open from its target 30 points higher expends a lot of selling pressure. The bias-up signal wasn't rejected by 10:30 -- but it was being overlapped, and not exactly holding firmly. Unless disproved, I'm assuming this complete retrace will hold as the balance of the session ranges flat-to-higher.
Alternative : Entering the noon hour under the 4064 open would start to signal a deeper correction underway into the weekend.
Levels : UP: 4074 4090... DOWN: 4044 4031 4012.
Tonight's Stock Market Trading Bias Levels - 11:59 AM
Edit
BIAS-UP will trigger above 4092, targeting 4105.
BIAS-DOWN will trigger under 4080, targeting 4068.
NO-BIAS if still between both signals.
Stock Market Mid-Day Update - 1:41 PM
Edit
Closing Wrap is at 3:45 ET / Bias levels
Visualize. Identify. Do It.
Previously : Reacting down 10 points through Thu's close hovered mostly between 4061-4067 throughout the night. After muted reaction to pre-open econ, 4064's open launched a relief rally to 4082 and then 4094 into and out of post-open econs. The 61.8% gap proxy's influence anticipated resistance at its 161.8% counterpart, reinforced by the 4095 bias-up target. Its anticipated reaction down retraced the 4064 open.
New price points : The break's timing suggested its sponsorship was weak-handed, giving its recovery a benefit of the doubt. Reversing up did retest earlier highs up to 4095 during the noon hour.
Catalysts : Fri econs, Earnings ongoing, Fed-heads blackout.
Setups/Patterns : NO-BIAS, TESTED BIAS-UP... Friday Factors.
Their influences : The weekend's impending illiquidity can influence last-minute price action, such as the morning's bias tending to persist through the noon hour, and the PM Drift setup.
Triggers/Tactics : Retracing the open from its target 30 points higher had expended a lot of selling pressure. And sellers were likely weak-handed for the reversal's timing. I assumed the retrace would hold for the balance of the session to range flat-to-higher. Already recovering fully makes the afternoon vulnerable to extending higher, but less reliably until the no-bias window is lapsing to form a bullish Fri PM Drift.
Alternative : Holding earlier highs or isolating a blip-up would also be vulnerable to correcting back down to Thu's highs, e.g. 4074.
Levels : UP: 4074 4090... DOWN: 4074 4044 4031.
Session Wrap - 2:32 PM
Edit
Visualize. Identify. Do It.
Today's price points : Overnight ranging between 4061-4067 greeted Fri's opening relief rally that surged through 4082 to 4094. Its complete retrace back to 4063 during bias-up was recovered and reversed to fresh highs at 4109. The Proxy Window reversed down again to 4081 through the close.
Catalysts : Fri econs, Earnings ongoing, Fed-heads blackout.
Setups/Patterns : Friday Factors, Proxy gap, Fri PM Drift, Bias countertrending, 5-Stage correction.
Their influences : Several repeating setups were influential Fri, and helped to identify most of the 102 points signaled intraday. Be sure to watch the daily videos and feel free to ask if interested in learning them.
Premise : Vulnerability to extending 3963's recovery through the 4094 morning highs was very productive to 4109. But that was also vulnerable to reversing which retraced 61.8% to 4081 through the close. The last-minute dip and still closing above prior highs suggests its sellers were weak-handed, so the rally remains intact.
Alternative : While the daily repeating pattern is vulnerable to another intraday dip that ultimately recovers, the weekend is vulnerable to retracing more of Fri's rally before resuming the rally. But not by very much without threatening a deeper reversal.
Levels : UP: 4074 4090... DOWN: 4074 4044 4031.
Tomorrow's Market Predictions - 4:56 PM
Edit
BIAS-UP will trigger above 4090, targeting 4103.
BIAS-DOWN will trigger under 4074, targeting 4060.
NO-BIAS if still between both signals.