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Post-open Review… All gapped up and nowhere to go. – If, Then… Market Timing

Post-open Review… All gapped up and nowhere to go.

Not extending the gap up.

Gapping up above 1995.50-1998.50 would have negated the traction yesterday’s decline had gained.The open gapped up to this morning’s 1993.50 bias-up signal, and ranged choppily around it, but didn’t probe above 1995.50 until the first 15 minutes had almost lapsed.

Suspicious.

Bias-up did trigger. And dipping under it at 10:30 was still overlapping it, which doesn’t qualify for rejecting the 10:15 signal. And now a fresh post-open high is testing 1998.50.

The 1999.50 bias-up target may still be met. And may be probed up to 2002.00. But holding that gain would be questionable.