Post-open Review… Bias-downers out?

Bias-down target’s support, recovers to bias-down signal — which won’t let go.

Gapping down to 2900.00 spent several minutes in a 2-point range at 2899.00-2901.00, touching the pre-open low while also overlapping the 2900.25 bias-down target. Then a surge developed that ultimately probed the 2906.00 bias-down signal up to 2909.00.

Bias-down triggered at 10:15. A bounce overlapped it at 10:30, but didn’t recover it, so bias-down was maintained. Bias-down, target met. Another test of the 2900.25 bias-down target is in-play. Already having tested it, it won’t become “unfinished business” if left outstanding.

First things, first. The 2906.00 bias-down signal keeps attracting price back up to it. Most recently by a surge now attacking the open’s 2909.00 high.

The context of this being a bias-down environment makes any recovery suspicious. The bearish Globex flip’s context, too. Even if ultimately extended higher, at least a dip back down to 2906.00 would be required (unless exiting the bias environment above its 2914.25 bias-up signal). But the surges probing above 2906.00 area are aggressive, and should take precedence over staying short.