Post-open review… Backed-and-filled.

Pullback target holding. Again.

The pre-open dive to 2095.25 was recovered enough to open at 2098.00, and not a tick lower. That”s this morning”s bias-down target, and post-open action surged from there to probe the 2104.25 bias-down signal”s resistance up to 2107.00.

Resistance held, and 2098.00 was retested. It was still being tested at 10:15 to trigger no-bias, target met. Probing under it by a couple of points came too late to renew the bias-down.

Usually, the target holds after failing to exploit the opportunity to renew the bias signal. In fact, now a reaction up has touched 2102.50. There”s room up to the 2104.25 bias-down signal, and room for noise above it to 2105.00. 

And higher. The bias environment can probe freely above the bias-down signal since its target has been met already.

But this is still a bias-down environment. And there is room for noise under the bias-down target to 2093.50. Dipping that deeply during the open would have all but ensured also testing yesterday”s 2088.25 low. Exiting the bias environment at 11:30 under 2098.00 still could extend down, anyway — especially if also under 2093.50.