NO-BIAS, TESTED BIAS-DOWN

Shallow opening dip recovered, trying to turn positive.

[pay]The overnight slide down to 1763.00 was repeated at the open, and 1763.00 continued to hold. Being the bias-down signal, not breaking under it through 10:15 has put into play an offsetting test of the 1769.50 bias-up signal.

1769.50 has been attacked to within 1 point. Being a no-bias environment, that should contain or else define this morning’s resistance. Slow-playing its test would allow a surge through it into the noon hour. Probing it too much or too often this morning would more likely react back down.

Holding 1765.75 as support, and almost any fresh print above 1768.50, would keep in-play today’s likeliest scenario for recovering from a shallow dip to probe above prior highs.

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