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Post-open Review… Better late than never. – If, Then… Market Timing

Post-open Review… Better late than never.

Post-open dip recovers well into positive territory.

es_071816_amThe opening bar touched Friday afternoon’s 2157.25 high. Reversing down tested the preliminary 2153.00 indication. Its break through 9:45 would have made the 2158.00 bias-up signal unlikely to trigger.

It held.

That was the opening 15 minutes of volatility. The balance of the opening hour has trended up relentlessly to 2160.00. Bias-up triggered late, but its 2163.75 bias-up target is nonetheless in-play. And the bullish WedEX remains intact.

A spike up to 2161.50 tested 2160.00, which was the preliminary upside indicator. Although not touched by 9:45 like 2153.00 below, it’s still resistance. Preferably, its reaction down will hold 2158.75 before resuming the rally.