Post-open review… Cockroaches and sellers.

Daylight leaves no traces of the overnight dip.

Like cockroaches scurrying back under the refrigerator when flicking on the kitchen light, S&Ps surged 10 points into and out of Tuesday”s open. No trace remained of the 10-point overnight drop under yesterday afternoon”s 2072.50 low.

The offsetting action suggests the scenario discussed during the pre-market Tour, that the pre-open recovery was an accelerated version of yesterday morning”s recovery. Even the reversal”s symmetry correlated.

None of which assures rallying out of here. In fact, the 2080.00 bias-up signal held its test through 10:15 to trigger no-bias. An offsetting test of the 2068.00 bias-down signal is in-play.

I”m suspicious of this morning bias signal. Exiting the opening 15 minutes of volatility above yesterday”s 2078.25 highs had all but marginalized sellers.

The reaction down hasn”t extended since touching 2073.75 before 10:15. Avoiding a fresh low under 2073.75 would allow the no-bias to be invalidated by exiting the bias environment at 11:30 above 2080.00.