Post-open Review… A different kind of bearish?

Overnight slide is not repeated.

Last night’s tests of the 2091.50 bias-up signal had resolved down to test this morning’s 2082.50 bias-down signal. The bias-up signal had been recovered pre-open to within 3 ticks at 2090.75.

Back under 2084.50 after the open would have repeated the overnight drop, and probably accelerated it. But the post-open dip only touched 2084.50, never triggering. Its reaction up was retraced entirely, but not another tick, also not triggering.

That’s 2-3 rounds of selling, and still no break lower.

So, another bounce has probed last night’s highs up to 2093.00. Despite invoking the grace period, the 2091.50 bias-up signal didn’t trigger at 10:30. An offsetting test of the 2082.50 bias-down signal is in-play.

That would be a 3rd or 4th round of selling.

Back under 2089.00 would signal momentum reversing down, targeting 2082.50. Printing a fresh high first would allow me to raise the sell signal. The bearish WedEX’s influence should have been aggressive by now if it were influential at all, but the post-open pattern doesn’t prevent a steep slide. Regardless, resuming the rally here is much less likely– at least, before noon.