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Post-open review… Burrowing in. – If, Then… Market Timing

Post-open review… Burrowing in.

Ranging around support hasn”t extended or recovered.

Recovering from a post-open test of both 2082.25 and 2080.00 would have reflected sellers being done. The post-open low attacked 2080.75 and recovered 2083.00 through 9:45, so the form is right.

But not so much the function, not initially. The dip”s recovery got up to 2086.50 before failing. Several more tests of 2082.25 as support all held, launching an even higher reaction testing 2088.00.

And, back down to square-two — another dip just touched 2083.00, and its reaction up is retesting 2086.50.

None of which means buyers have yet retaken control, nor that they must. But they can, so long as sellers aren”t any more productive. The recovery would likely extend so long as the bias environment lapses with 2091.00 in-play or recovered. The recovery is probably done if 2082.25 is broken again.