Post-open Review… Crack.

Late surge’s gap up crumbles through the open.

Yesterday’s 2149.25 high was touched so near the open that its sponsorship was a little suspicious. A surge up to 2152.25 probed it, but in a singular non-complex leg. Still, the pattern of gaps up marginalizing sellers got a benefit of the doubt.

But that pattern was never exploited post-open. The 2150.75 opening print quickly slid back into negative territory at 2143.50. Bias-up failed so no-bias triggered, putting into play an offsetting test of the 2141.00 bias-down signal.

Choppy ranging since then has touched 2148.00. Back under 2145.25 would signal the 2141.00 bias-down signal’s test is underway. That would be invalidated by exiting the bias environment above the open’s 2151.75 high before printing a fresh post-10:15 low.