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Post-open review… Bias-down renewed, but not recharged. – If, Then… Market Timing

Post-open review… Bias-down renewed, but not recharged.

Pre-open optimism ambushed by post-open plunge.

Pre-open ranging around the 2089.75 bias-up signal didn”t make it any likelier to trigger. Exceeding 2092.75 through 9:45 would have been helpful. Indeed, the open”s surge probed it by 1 point.

But it wasn”t yet 9:45. By then, quickly reversing under 2090.00 had triggered a sell signal that extended down to 2076.25.

The 2075.50 bias-down signal was probed by 5 points, and not recovered by 10:15, renewing the bias-down signal. The renewed bias-down target at 2069.75 is in-play.

A bounce has now extended up to the 2080.50 bias-down signal. It is resistance, and back under 2076.25 would target the low”s retest, and the 2069.75 renewed bias-down target. Exiting the bias environment at 2080.50 would negate the renewed target.