Post-open Review… Delayed gratification?

Rewarding yesterday’s buyers isn’t being prioritized.

The open’s 6-point surge up to 1936.50 was brief and quickly retraced. Retraced and reversed down to and through the 1927.25 bias-up signal on the way to 1922.00.

A bounce recovered 1927.25 in time to invoke the grace period, but it was still being overlapped at 10:30 to trigger noN-bias. Not no-bias, which would have put into play offsetting tests of both bias-down parameters. And not bias-up.

Up still still seems likelier than down. The bigger picture still suggests probing Monday’s 1943.75 high, despite having reacted down this morning from touching its range. Continually recovering to probe above yesterday’s 1929.25 high suggests this morning’s bias environment intends to reward yesterday afternoon’s buyers. And a clean rejection of both bias-up parameters was itself rejected.

Having said that, 1927.25 should hold as support. Probing it by several ticks would suggest something much more bearish is beginning to overwhelm the bullish influences.