Post-open review

Sellers stalled, but buyers balk.

The overnight dip own to 2058.00 wasn”t likely to extend, and did not. Its recovery into and out of the open attacked 2065.00. 

No-bias triggered, after the open”s blip-down barely touched the 2059.50 bias-down signal. So, an offsetting test of the 2067.25 bias-up signal is in-play.

Back under 2059.50 through 11:30 could invalidate the no-bias requirement for testing the bias-up signal. That”s not likely historically after not invalidating the signal by 10:30. Also, the traction gained yesterday afternoon hasn”t yet been rewarded by fresh highs.

Breaking under 2060.75 (it”s being probed now) would open the door to fresh lows anyway. The path to fresh highs remains vulnerable to temporary dips, potentially down to 2057.50 or even to 2055.50.