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Post-open review – If, Then… Market Timing

Post-open review

Weekend sellers have gone into hiding.

The opening 15 minutes of volatility through 9:45 had tested 2091.00 but held it, making the 2095.75 bias-up signal unlikely to trigger.

The opening 45 minutes through 10:15 had tested the 2087.50 bias-down signal but held it, putting into play an offsetting test of the 2095.75 bias-up signal.

Having round-tripped down to 2086.25 on the way up to 2092.25, natural support is at 2088.50-2089.25. A dip is testing that now. Back above 2091.50 would signal that the pullback had ended and that momentum targeting fresh highs had resumed.

Meanwhile, the bias parameter can be invalidate only by exiting the bias environment at 11:30 under the open”s 2086.25 low.