Post-open Review… A dry cleaners morning, indeed.

REMINDER: I’M AWAY FROM THE SCREENS AFTER THE OPEN UNTIL NOON.

The overnight tests of this morning’s 2580.25 bias-down signal produced bounces to 2584.50 and 2585.50. The open was nevertheless greeted back down at 2580.25. The opening 15 minutes of volatility fluctuated around it until a last-minute blip-down pierced fresh lows.

Blips-down are spikes that blip back up. As this one did, recovering to 2582.25 through the first half-hour, and another point higher after the first half-hour. But only temporarily, blipping-down again under the open’s range. And invoking the grace period.

2580.25 ultimately held at 10:30, but it was overlapped 1-2 minutes before and after. It’s not a reliable no-bias signal, which would have put into play an offsetting test of the 2588.00 bias-up signal. Being an expiration session doesn’t help this morning’s predictability. Sellers aren’t necessarily marginalized, and there’s not a reliable upside attraction. Another downdraft remains possible.

Meanwhile, another setup that triggered, signaling inertia. Four of the first hour’s 15-minute checkpoints overlapped the same relevant price. Just three would be enough to suggest the morning won’t trend. So, more than at any other time, be careful not to force a trade this morning.

Gone until noon. Gladly.