Post-open Review… Digging deep.
Post-open slide flushes out sellers.
Greeting the open at yesterday’s 2096.25 cash session close was able only to touch 2098.50 resistance. Its reaction down triggered sell signals that extended to 2089.25. Another tick would have neutralized the attraction to yesterday’s “unfinished business below” at 2088.25.
Meanwhile, the 2093.00 bias-down signal triggered late bias-down. Officially. But that was for the sake of a singe tick, one minute too late. So, don’t dismiss recovery potential — it may be a noN-bias, so trending sponsorship can be strong-handed.
In fact, a 4-point bounce off of 2089.50 was retraced right back down to 2089.25, which launched another bounce. This one has extended to 2097.50. So, unless the bias environment were exited back under the 2093.00 bias-down signal, flat-to-higher ranging is likely.
