Post-open Review… A for effort.

Post-open dip is retraced, but not reversed.

The overnight dip to 2892.00  had recovered to 2898.25 resistance, where the open was greeted an hour later. Almost suddenly, post-open action plunged through the 2895.50 bias-down signal to test the 2888.00 bias-down target by almost 2 points.

Only one of the bars probing 2888.00 was a detached bar, and it wasn’t confirmed by a second. Rallying almost straight up from there to 2900.00 barely invoked the grace period, which triggered noN-BIAS.

Offsetting tests of both bias-up parameters was almost put into play. So was a retest of the 2888.00 bias-down target. Either remains possible. But even if we knew which, with 100% certainty that one or the other was required, the path there would not be direct or reliable — nothing like the two legs that already played out — primarily because the opening dip’s recovery never recovered into positive territory.

REMINDER: I’m traveling this week, and will have a staggered intraday schedule after the Market Tour and opening hour.