Post-open Review… Digging, not deeply, but still digging.

Pre-open fails to attract sponsorship.

I discussed a pullback during the Market Tour that needed to hold 2456.50 to maintain the potential for breaking back to Friday’s high. It broke. The open was greeted at 2451.50 and slid immediately to 2450.00.

2450.00 is Friday morning’s “lower prior highs” that could have ended the pullback if tested yesterday morning, or Sunday night. That’s no longer likely. Possible, but not likely. In fact, it’s trying. Reacting up from 2450.00 attacked 2455.00. More important, it avoided triggering the 2453.25 bias-down signal.

So, this is a no-bias environment. Having held a test of the 2453.25 bias-down signal, an offsetting test of the 2459.75 bias-up signal is in-play.

Caveat: 2453.25 is still being tested at 10:30. That’s not at all reassuring. An inflection point above it at 2454.25 has been pierced, but by fewer than 3 ticks. So, back under 2452.00 would still be credible for probing lower. And probably also for fulfilling the 2448.25 bias-down target before recovering. Exiting this morning’s bias environment any lower than that would invalidate 2459.75‘s attraction above.