Post-open review… But does it have legs?

Open”s surge establishes higher targets, then retraces.

Room for noise under 2105.50 down to 2103.00 was probed by 3 ticks pre-open. Surging through the open recovered the 2103.75 bias-down target and extended through the 2109.00 bias-down signal up to 2111.00.

At 10:15, no-bias triggered. Offsetting tests of both bias-up parameters was put into play — 2115.00 and 2120.25 — so, a “synthetic bias-up.”

So, this post-open dip down to 2105.50 isn”t (yet) bearish. Breaking under 2109.00 by 10:30 would have invalidated the bias signal, but it was broken 1 minute after 10:30.

And having probed a fresh high after 10:15 up to 2112.00, rejecting the bias signal would require exiting the bias environment at 11:30 at fresh post-open lows under 2103.00.

Breaking under 2109.00 had near-term potential to 2105.50. RSI diverged positively upon touching it, and its touch has reacted up sharply — now violating its 2107.00 bounce limit, and probing its 2108.25 buy signal up to 2109.00. Exiting the bias environment in rally mode could extend sharply higher by the close.