Post-open review

Down the up staircase?

The 2052.25 overnight high”s retest wasn”t even contemplated by the open, which had pulled back to 2047.00. Choppy ranging back up to 2049.50 finally resolved down. 

Now this morning”s 2041.00 bias-down signal is being probed. It”s too late to trigger, or to invalidate the no-bias signal. Probing under it at this late stage is “no-bias trending” that requires eventually being retraced.

So, probing under it to test the decline”s 2037.00 target would require its complete retracement. Often, that would include the 10:15 print, which this morning was 2045.50.

That”s essentially the only remaining path up today. Regardless of the calculable levels, just closing above this morning”s 2049.25 high would form a bullish Pivot Reversal — rejecting the intraday new trend low to confirm the gap up. 

Meanwhile, until either testing the 2037.00 target, or at least the 2039.50 low”s oversold RSIs and then retracing the no-bias trending, the decline remains intact.