Post-open Review… Both ends of the spectrum.

Payrolls’ surge drops back into the range.

The pre-open Employment Situation report was greeted at 1995.00. Its knee-jerk reaction surged to 2002.25, which reacted down quickly to 1988.00. The open was greeted back at 1995.00.

A post-open dip back under 1993.00 targeted a retest of the pre-open bounce, or at least to within 3 ticks, which was fulfilled down to 1988.50. That post-open dip extended to 1984.00.

And that post-open dip held its test of the 1985.00 bias-down signal. So, dspite having tested the 1993.75 bias-up signal, and offsetting retest of it was put into play. The retest has been fulfilled already. In fact, it is extending to also test 1997.25 resistance.

This is still a no-bias environment. At least a pullback to the 1993.75 bias-up signal is likely at some point. Its test might hold and launch a retest of the preopen high, although its retest isn’t required. Retesting the pre-open high first would be even more vulnerable to reversing back down.