Post-open Review… Chop and slop.

Opening volatility fails to agree on a direction.

Recovering from the 2781.75 overnight low go to 2792.50 before the open. Dipping into and out of the open tested the 2788.00 bias-down signal. Its reaction pierced the pre-open high, and dipped back down to the post-open low.

The post-open low’s retest got to 2784.25. Another big bounce managed to overlap the 2788.00 bias-down signal at 10:15 to invoke the grace period. Like the open’s round trip, another dip to 2784.25 recovered in time to overlap the 2788.00 in time to trigger noN-bias.

Not bias-down, targeting 2781.50. Not no-bias, targeting an offsetting test of the 2794.00 bias-up signal. But noN-bias, able to fluctuate without intent. Choppy and sloppy. Be careful trading this morning’s pattern, which remains within the range and without an objective or limitation.

It’s not quite a “dry cleaners morning,” but still not for everyone. Meanwhile, here’s a video of this morning’s open when I discussed the alternative strategy of fading inflection points.