Post-open Review… Detouring from downside.

Open’s dip holds.

The opening print was also this morning’s 2459.25 bias-down signal. It was probed immediately down to 2456.75. And then recovered through the opening 15 minutes of volatility. Fluctuating around 2459.25 resolved up through the top of the hour. Enough of that was maintained for long enough to avoid triggering bias-down.

Having held a test of the 2459.25 bias-down signal, an offsetting test of the 2466.00 bias-up signal
is in-play. Invalidating the no-bias environment can now be done only by exiting it under its 2453.50 bias-down target. Any lesser selling pressure would maintain the higher objective.

So, this morning’s downside risk is essentially gone. Fluctuating sideways and then collapsing this afternoon is still possible. There’s a narrow path higher, which all but requires exiting the noon hour above this morning’s 2466.00 bias-up signal. Any lesser buying pressure would remain vulnerable to reversing back down.