Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the disable-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/jwl23/public_html/rd.johnlander.me/wp-includes/functions.php on line 6131
Post-open Review… Backing-and-filling. – If, Then… Market Timing

Post-open Review… Backing-and-filling.

No gaps, no give, no go.

Gapping up isn’t necessary to rally this morning,, or even this afternoon. The weak open merely needed to avoid being or becoming too weak — stay away from yesterday afternoon’s low, at least through a relevant timing window.

That’s where we are. The pre-open high at 2474.50 reacted down into and out of the open, extending to 2468.50 before both 1-minute and 3-minute RSIs diverged positively. That didn’t have to bounce, but it has, attacking the 2473.00 open.

The probe above yesterday’s highs may soon be underway. Not much higher would make that very likely. Meanwhile, back under 2470.00 would signal a move to fresh lows at 2466.50.