Post-open Review… Enough, already?

Bias-down triggered late, fulfilled early.

Gapping down to 2055.00 bounced up to 2061.00. That was already 1 point higher than optimal for being only a bounce, but still 1 tick short of reversing momentum up. So, momentum reversed down, aggressively.

The 2053.50 bias-down target was met to within 1 tick. And it was met before 10:30, offsetting the late 2058.50 bias-down signal which was still being overlapped at 10:15. Regardless, inflection at 2058.25 was triggered.

Now another bounce is attacking testing 2058.50 as resistance. Still being a bias-down environment, it’s likely to define the range’s upper-end for at least another 15-20 minutes. Probing above it any earlier would risk being “no-bias trending” doomed to failure.

Extending the bounce back above 2061.00 would start to signal that no-bias trending was developing, anyway. Dipping back under 2057.50 instead would start to signal the pullback was resuming, and extending to test “lower prior highs” at 2047.00-2048.00.