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Post-open Review… Detour done. – If, Then… Market Timing

Post-open Review… Detour done.

Sellers refueled by the open’s bounce.

es_101415_amNot so much “unfinished business below” as the likelihood for testing 1988.00 has made me suspicious of any bounce gaining traction. But not holding 1995.50 resistance made the 2001.50 bias-up signal likely to be tested before its bounce could fail.

In fact, the open did recover 1995.50 and its recovery did touch 2001.50.

Then the bounce failed.

Reacting down into 10:15 triggered no-bias. And having held a test of the bias-up signal, an offsetting test of the bias-down signal was put in-play at… wait for it… 1988.00.

Since then, the bias-up signal’s rejection has extended down to fresh post-open lows at 1990.25. At least a test of the 1988.00 bias-down signal remains in-play, especially so long as 1995.50 isn’t recovered.