Post-open Review… Bigger bounce butts up against bias-up.

Pre-open dip finds more buyers, and another peak.

The overnight recovery had attacked 2026.00. Structurally, it had tested the “higher prior lows” of Friday morning’s consolidation. That’s resistance, and it pushed back.

The pre-open reaction down came within 1 point of the 2012.00 bias-down target. The 2017.00 bias-down signal was recovered into and out of the open, and not by a little. The overnight high was probed up to 2030.00.

But the 2029.00 preliminary indication held its test through 10:15. This made the 2027.00 bias-up signal unlikely to trigger. And it did not trigger. But momentum hasn’t so much reversed down, as it has given way to choppy ranging centered around 2027.00.

The bias environment will be within view of lapsing in a half-hour. Meanwhile there is room for noise back down to the 2017.00 bias-down signal.

A fresh low must still break under 2012.00 to suggest a retest of the overnight lows. But greeting the bias environment lapsing by just ranging around 2027.00 would be vulnerable to resuming the rally well into the afternoon.