Post-open review

Another day, another doomed dip.

The pre-open Grexit drama had reversed a 6-point surge to 2099.50 with a 9-1/2 point plunge to 2090.00. Room for noise under it to 2087.00 was attacked to within 1 tick during the open”s first several minutes. And held.

That helped to suggest the 2099.75 bias-down signal would be recovered through 10:15 to avoid triggering. And it was recovered, triggering “no-bias.” Having held a test of the bias-down signal, an offsetting test of the 2099.75 bias-up signal is in-play.

Currently, just filling the gap back to yesterday”s 2095.50 futures close is causing the recovery to hesitate. Getting through interim resistance at 2097.50 would help to confirm the current leg”s momentum remains intact. I would expect any fresh high to also fulfill the unfinished business above at 2101.50.