Post-open review

The overnight slide had extended a little deeper to test 2085.00 into and out of the open. Holding it or not through 9:45 would offer advance notice of the 2087.75 bias-down signal”s resolution 30 minutes later at 10:15.

2085.00 did not hold as support at 9:45. 

In fact, at 9:45, the 2081.75 bias-down target was being tested already. Its reaction up touched the bias-down signal in time to invoke the grace period. Extending up to 2089.50 proved only temporary, and the grace period at 10:30 did trigger the 2087.75 bias-down signal.

Now 2085.00 is being tested as support, again.

The bias-down target doesn”t require a retest, but this is still a bias-down environment. There is room for noise under the bias-down target to 2079.75 before suggesting a deeper decline is underway. Meanwhile, until the  bias environment begins lapsing at 11:30, the 2087.75 bias-down signal should define its upper-end.