Post-open review… Can’t keep a good market down.

Which may be why this one is having difficulty going up.

After recovering from 2041.00 to almost 2049.00 before the open, a pre-open dip touched this morning”s 2043.75 bias-down signal. Barely. Its reaction trended up through the open to attack 2052.00.

Recovering 2051.00 as resistance through 9:45 would have been bullish. Its test was rejected. Its retest extended grudgingly up to almost 2054.00, but couldn”t put together more than a couple of consecutive up-bars. Grudgingly is not trending.

The consequence to not extending higher was likely to be a sudden, steep and substantial reversal. And a 15-minute slide touched 2044.00. That”s within 1 tick of the bias-down signal, which did not trigger.

So, this is a no-bias environment. Which is likely to persist through the noon hour on Fridays. Probing under 2043.75 upon exiting the bias environment at 11:30 would be credible for trending down, anyway. Meanwhile, the upper-end of the range can be retested, or probed, or not even touched while remaining within the range.