Post-open Review… Breaking with tradition.

Morning trending may skip a day.

The open gapped down to this morning’s 2909.00 bias-down signal. And ranged there. Touching the 2907.00 overnight low reacted up to test 2911.00, but dipping back down still overlapped 2909.00.

The grace period was invoked, and maintaining a recovery above 2909.00 would have triggered late no-bias for an offsetting test of the 2818.75 bias-up signal. A little upside momentum back above 2912.00 would would help to at least fill the gap back up to yesterday’s 2914.75 close.

Just testing “higher prior lows” or the prior high from yesterday afternoon’s range is not trending. Only breaking lower would qualify as trending this morning. Regardless of being too late for putting into play the bias-down target, or of a bias-up target outstanding, fresh lows could extend.