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Post-open review… Chip, chip, chip. – If, Then… Market Timing

Post-open review… Chip, chip, chip.

Post-open swings becoming more violent.

Support, meet resistance. The pre-pullback held within 1 tick of its 2071.25 limit and the open surged to test this morning”s 2081.25 bias-up signal. Taht was a little too quick, and its reaction down fell back down to the 2072.75 opening print. Resistance, meet support.

A shallower 5-1/2 point bounce was quickly retraced. And now that bounce is trying to resume. Wait, no, now it”s retesting 2073.50 support.

Meanwhile, the clock keeps ticking. And holding the 2081.25 bias-up signal”s test through 10:15 has put into play a test of the 2066.00 2071.50 bias-down signal. Recovering 2081.25 through 10:30 would invalidate whatever was signaled at 10:15 — invalidating the bias signals from containing the morning”s price action.