Post-open Review… Bouncing, in lieu of selling.

No new sellers.

[CORRECTION: First Trade’s post referenced Wednesday afternoon’s bias parameters and not this mornings. The bias parameter post is always the legitimate source.]

Not extending down out of the open would make a morning decline unlikely. And a pre-open dip had bottomed at this morning’s 2858.50 bias-down signal. Which wasn’t touched post-open, so only triggering no-bias doesn’t officially put into play an offsetting test of its 2868.50 bias-up signal.

But 2858.50 was touched within 3 minutes of the open. Which is close enough to plan for the market behaving as if the intraday crowd participated in the failed effort to break under it — at least, until disproved. In fact, 2868.50 is being tested now, including its room for noise up to 2869.50.

It’s too late to exceed 2868.50 through 10:30, which would have invalidated the no-bias signal. So, this test of 2868.50 should define the window’s upper-end. Probing above it anyway would be “no-bias trending” that requires being retraced.