Post-open Review… A different kind of range?

Gap down holds support, recovers resistance.

The open was greeted at this morning’s 2871.00 bias-down target. The first several minutes collapsed 4 points to attack 2867.00, which was retraced entirely several minutes later.

Recovering continued up to and through this morning’s 2877.00 bias-down signal. Rejecting tests of both bias-down parameters through 10:15 has now put into play offsetting tests of both bias-up parameters — 2884.50 and 2890.75. It’s the third consecutive opening rejection of both bias parameters, which is very very.

Rejecting both bias parameters, again, reflects the widely disparate opinions and their sponsorship’s willingness to defend them. Another detour wouldn’t be surprising. Not even this morning when probing back under the 2877.00 bias-down signal during the no-bias window would be “no-bias trending” that requires being retraced.

A deeper pullback would target 2871.7-2873.00. Back above 2881.00 would signal the rally is resuming into positive territory. Calling a short-squeeze may be premature, but the pattern would be vulnerable to it.