Post-open review… Can the post-open extensions still extend?

Extending the payrolls reaction doesn”t prevent a dip.

The pre-open surge to 2106.00 resistance had reacted down to 2101.50 support. Ranging narrowly into the open suddenly surged back up to 2106.00. Exceeding it targeted 2111.00, which was tested to within 1 tick.

That was all before 10:15. There has been no higher high since then. The bias environment must be productive for sellers to be marginalized.

It”s true that the bias parameters are deprecated being so far removed from their origin. It”s silly to think that price action 25-30 points lower is very influential. More so, 2111.00 is a thrice-renewed bias-up target. Just the word “thrice” is silly. Thrice. Heh-heh.

But the bias timing window nevertheless contains a common mentality among its participants. If they don”t produce a fresh high, then perhaps buyers can from a lower level.

So, probing above 2111.00 before 11:30 would help to marginalize sellers for the day. Otherwise, a dip to 2104.25 or 2101.50 can”t yet be discounted.