On the first chart in post #741 above, only the Week indicates direction which in this case is "Neutral" meaning neither Long nor Short.
Furthermore, the direction on the Week remains Neutral as long as the market remains between the Short level @1202.42 and the Long level @1199.34.
The market returns momentarily Long above 1202.42 (i.e. the Short level) and momentarily Short below 1199.34 (i.e. the Long level).
The Day is Bearish below 1206.01 towards 1198.43.
The 8 hour is in consolidation between 1214.98 and 1196.82 while the 4 Hour is Bearish below 1202.43 towards 1199.32.
Furthermore, the direction on the Week remains Neutral as long as the market remains between the Short level @1202.42 and the Long level @1199.34.
The market returns momentarily Long above 1202.42 (i.e. the Short level) and momentarily Short below 1199.34 (i.e. the Long level).
The Day is Bearish below 1206.01 towards 1198.43.
The 8 hour is in consolidation between 1214.98 and 1196.82 while the 4 Hour is Bearish below 1202.43 towards 1199.32.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".