Post-open review

Dodged one bullet. From a six-shooter.

The overnight drop eventually extended down to the lowest possible support noted in First Trade at 1996.00. That was yesterday”s 1:20 print when no-bias triggered. Its test and retest before the open launched a rally through the opening 15 minutes that touched 2012.50.

That was so fun, let”s do it again.

Sure! The next 45 minutes dropped throughout. The 2008.75 bias-down signal triggered. The 2001.00 bias-down target wasn”t exceeded until after 10:15, but it was exceeded down to 1996.00.

The first recovery was fun, let”s do THAT again, too!

Okay… A quick bounce has extended up to 2004.00. That”s not enough to assume the recovery dodged another bullet — exiting the bias environment above 2007.00 would be more credible. But 2001.00  is the minimum.

And now, another bullet: The reaction down from 2004.00 is testing 1997.00. This is getting dangerous ahead of a Friday afternoon, to have already expended so much buying pressure, and so obviously.