Post-open Review… Catching a late break.

Finally probing the overnight range’s upper-end.

The overnight sideways 2632.00-2645.00 range didn’t break pre-open, as a test of its upper-end reacted down into the open. Neither did the range break post-open, as the reaction down held a test of the range’s lower-end.

The range’s lower-end is also this morning’s 2632.00 bias-down signal. Twice testing it had already reacted up through 10:15 to touch the 2643.00 bias-up signal, invoking the grace period. A surge to 2647.50 by 10:30 triggered late bias-up, putting into play a test of its 2650.00 bias-up target.

Currently, a reaction down to 2641.00 should resume the rally back above 2644.00-2645.00. The reaction down has room to 2638.25 before suggesting a deeper dip underway. None of which speaks to the ultimate resolution of this morning’s price action, which hasn’t improved any upside potential.