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Post-open Review… Brought. – If, Then… Market Timing

Post-open Review… Brought.

Doubly-renewed bias-up.

The open’s blip-up immediately pierced 1881.00. It was soon exceeded to attack 1886.00. Still it reacted down to 1874.50.

The opening rally’s post-open reaction down still recovered up to 1892.25. The 1876.50 bias-up signal was renewed above its 1882.25 bias-up target AND doubly-renewed above its 1887.50 renewed bias-up target at 10:15.

All of which is testing 1891.50,  which remains a critical retracement of yesterday afternoon’s drop, as it was at the time. And RSIs just diverged negatively into its test.

That’s not a sell signal, but it does signal vulnerability to at least a corrective dip with potential down to 1884.00. Back under 1888.00 would suggest the dip is underway.

Extending above 1891.50 — and not just overlapping it — might find obligatory resistance at yesterday’s 1895.00 highs. But just extending above 1891.50 would already suggest the rally to 1915.00-1920.00 remains intact.