Hanging in there.
Firming back toward the open”s gap.
There”s some degree of pessimism in having recovered so close to the 2108.25 opening print — 2-6 ticks — and the no-bias environment having lapsed, but still hovering just under that natural resistance.
There”s also some degree of optimism for having recovered back to this morning”s 2105.50 bias-up signal without yet fulfilling its offsetting test of the 2098.00 bias-down signal.
The bias-down signal was already attacked to within 3 ticks. But that was before putting its test into play at 10:15. It is still “unfinished business below,” but not capable of preventing further recovery. Especially not on a Friday.
It”s already difficult to trend on Fridays if the open isn”t, let alone the entire morning. A probe of fresh highs can”t be discounted before resolving down to 2098.00, if at all.
