Post-open Review… Bias-up-ended.

Overnight rally not extending.

A pre-open pullback made it cheaper for the open to try duplicating the overnight rally. No takers. Reacting down from attacking 2377.00 had dipped under 2370.00 before the open, and extended to attack 2367.00 through the open. Ultimately, the opening 15 minutes of volatility only ranged narrowly at that post-open low.

Bouncing momentarily to 2372.00 didn’t attract buyers, either. That’s not the second instance, but the third — including Europe’s opens.

Bias-up triggered easily, since its signals are calculated from patterns that developed far below today’s action. But the bias environment still reflects timing. And if the bearish WedEX will be influential this morning, then this is the time for it. It’s too late for the signal to invert, so either it’s influential or invalid.

Back above 2373.00 would start to signal the latter. Not necessarily that momentum has reversed up, but that reversing down was no longer reliable. Otherwise, the bias-up environment can be retraced to its 2350.00 bias signal.