Post-open Review… Delay of game.
Testing bias-up, without triggering or rejecting it.
The overnight dip had touched this morning’s 2430.75 bias-down target. Twice. The retest’s reaction greeted the 8:30 econ report at the 2436.25 bias-down signal. The news triggered a surge.
That was within 1-2 hours of the open, suggesting its sponsorship is weak-handed. In fact, reacting down through the open touched the 2436.25 bias-down signal.
2436.25 reacted up to fresh highs at 2445.50. The 2443.25 bias-up signal was being overlapped at 10:15 to invoke the grace period. And it was being overlapped at 10:30 to avoid triggering or being rejected.
This is a noN-bias environment. Not a bias-up targeting 2450.50. And not a no-bias targeting an offsetting test of the already tested 2436.25 bias-down signal. It’s not usual, but it’s not abnormal. This morning’s bias environment need not be defined by its bias signals.
A fresh high would be likely to also test 2450.50. If sellers retake control this morning or coming out of this morning’s bias environment, then the balance of the session could trend down to new lows.
