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Post-open Review… Dragging it up just to drag it out. – If, Then… Market Timing

Post-open Review… Dragging it up just to drag it out.

Post-open rally neutralizes higher resistance.

The overnight rally to 2692.25 was retraced ultimately to 2673.00. It’s pre-open bounce greeted the open at this morning’s 2679.25 bias-up target, and then dipped again to 2667.75.

And the low was in.

Just having absorbed the pre-open dip had suggested already the overnight high would be probed up to 2695.00-2697.00. Their test reacted down to 2683.00, and is bouncing again. Just exceeding the 2695.00-2697.00 target suggests the next higher objective is 2715.50. Price is now trying to saw its way through to 2700.00.

Or, else, the high is in.

RSIs are diverging negatively. The sawing is still overlapping 2695.00-2697.00, and not yet trending above it. Back under 2688.75 would start to signal momentum reversing down. The 2679.25 and 2671.00 bias-up parameters would be likely objectives until the bias environment begins lapsing to allow even lower.