Post-open Review… Dry cleaners morning.
Neither bias signal even touched.
The overnight reaction down had touched the 2157.50 bias-down signal. It wasn’t touched again, as bouncing into and out of the 2161.25 open extended up to 2165.75. Having touched neither bias signal, let alone exceeded either signal, this is a no-bias environment with no requirement to test the opposite signal or a target.
And with price fluctuating around unchanged, the market seems uninterested in even trying.
That said, while a fresh high isn’t recovered, exceeding 2166.25 would signal a failed rally effort underway, targeting 2169.25. Meanwhile, back under 2162.25 could retest the overnight low at the 2157.50 bias-down signal, while maintaining the no-bias environment.
The next opportunity for new parameters will be no sooner than coming within 10-15 minutes of the bias environment lapsing in one hour.
