Post-open Review… Done selling, or stick another fork in it?

Target me, supports held, last gasp recovery attempt in process.

The pre-open surge that attacked 2030.00 was reversed back under 2027.00 to greet the open at 2022.00. The initial extension hesitated above the 2015.25 bias-down signal, but never recovered.

Bias-down triggered late, its grace period invoked by a 7-1/2 point bounce to 2018.00. Refueled sellers quickly probed the 2008.75 bias-down target by 6 ticks.

Nothing requires the bias-down target to hold its test, nor prevents the decline from extending. But probing above 2011.00 (being tested now) would likely develop into an upleg.

A recovery is possible for having neutralized the attraction back down to the Fri-Mon Island’s 2008.00-2014.50 “lower prior highs.” Their complete recovery isn’t yet done. Having fulfilled the bias-down target, exiting the bias environment above the bias signal’s 2018.00 prior high would help to confirm momentum has reversed up.

And that would play right into the hands of a bullish WedEX. A WedEX that the morning’s bias-down signal has threatened to invert, if not rejected at the bias environment’s exit.