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Post-open Review… Not THIS again. – If, Then… Market Timing

Post-open Review… Not THIS again.

Choppy open is threatening to range narrowly..

Tuesday’s gap down resolved by not resolving, and just chopping around until the final minutes. Tiday’s gap down is shallower, but it’s under yesterday afternoon’s lows, and it hasn’t yet resolved.

Today’s resolution might not end very far from its open. But an intraday probe above yesterday’s high is likely since the 2164.25 bias-down signal held its test through 10:15. An offsetting test of the 2171.25 bias-up signal is in-play.

Today’s resolution might end very far into negative territory. Not confirming yesterday’s breakout by a second consecutive higher close, should instead trend down intraday.

The open has only fluctuated around yesterday afternoon’s 2166.50 lows. That lower-end held while its range attacked 2171.25. Attacking 2175.25 from this level should be no less likely.

\Meanwhile, there is not much of a requirement to probe higher, but that’s the likely scenario so long as sellers don’t gain traction.