Post-open Review… Dug in, and digging.

No-bias means no morning rally.

Pre-open probes above the 2380.75 overnight high came so late that their sponsorship was likely weak-handed. Maintaining either probe to produce a gap up, and then extending it, could have been credible. That didn’t happen. The actual inflection point triggered under 2378.00.

Rallying this morning was likely to rally almost immediately, preferably gapping up. The alternative is likely down, but not necessarily aggressively. So, the late failed surge already had warned us that buyers would be marginalized this morning.

Separately, three oft the first hour’s five 15-minute checkpoints have overlapped unchanged. This suggests a dry cleaners morning.

And now no-bias has signaled. Neither bias signal was touched, so no offsetting test of the other bias parameter is required. There’s room to dip so long as the 2375.25 bias-down signal defines the timing window’s lower-end.

Could that dip include a visit to the 2370.50 area? Yes, while also requiring its recovery. Neither is a requirement, perhaps only as a temporary knee-jerk reaction to a headline before the bullish WedEX’s influence this afternoon.