Post-open Review… Digging for dollars.

Backing-and-filling becomes more obvious, hits a vein.

A brief overnight dip had attacked this morning’s 2856.00 bias-down signal. It was retraced back to the 2861.25 overnight high. But not for very long, as another dip fell to 2855.00.

Now a very choppy open has triggered “late bias-down,” putting into play its 2851.00 bias-down target. And fresh lows have developed down to 2853.00. Fresh lows compared to pre-10:15, which is pretty reliable confirmation.

Having said that, the trailing bounce limit was violated above 2854.75-2855.75. And a surge is probing fresh post-open highs at 2860.00.

Back under 2857.00 would reinstate downside momentum. Unless the bias environment were exited above its 2864.00 bias-up signal, this morning’s 2851.00 bias-down target will become “unfinished business below.”

Meanwhile, surging from fresh lows to fresh highs seems like something else is developing. A retest of yesterday’s highs under 2864.00 may be underway.