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Post-open Review… Digging for buyers. – If, Then… Market Timing

Post-open Review… Digging for buyers.

Opening dip holds.

The bullish premise for this morning’s open required quickly recovering above 2587.50. Not already rallying at 9:45 wouldn’t have been bullish. More so, sellers would likely have been productive by then already. There wasn’t a recovery, and sellers were productive. But not durably.

The 2584.50 open had blipped-up 5 ticks and then reversed down into and out of 9:45. Extending down to 2581.50 reacted back up to the opening highs. The 2582.75 bias-down signal held its test to trigger no-bias.

It’s too late to reject the no-bias signal through 10:30. Still, back under 2582.75 (being touched now) would start to signal fresh lows, anyway — but from a position of strength that is likely to recover. Otherwise, an offsetting test of the 2589.25 bias-up signal is in-play.