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Post-open Review… Back up the down staircase. – If, Then… Market Timing

Post-open Review… Back up the down staircase.

Retesting overnight highs.

The 2046.50 bias-up target had been met already overnight. Its reaction down had touched 2036.00 pre-open. And then post-open, too.  Its latter test launched a retest of 2046.50 to within 1 tick.

The bias-up target’s retest also reacted down to 2036.00. But the 2040.75 bias-up signal was overlapped within 3 minutes of 10:15 to invoke the grace period at 10:30.

And the grace period triggered “late bias-up.”

A more thorough test of 2046.50 is likely, probably up to 2048.00. None of which changes the likely retest of yesterday’s ~2027.00 low, whose path was always suspect. That attraction can still be neutralized, initially by exiting this morning’s bias environment above 2046.50.