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Post-open Review… Entrenched. – If, Then… Market Timing

Post-open Review… Entrenched.

Bias-up triggers.

Overnight action had formed a “new Globex trend extreme” that requires intraday retest, and often it is retested the same day. The pre-open pullback was as shallow as possible to still qualify as non-arbitrary. Rallying out of the open would be credible for being briefly productive.

And it was, both productive, and briefly. Touching the 2489.00 bias-up signal as support reacted up sharply to 2493.25 resistance. The 2495.50 bias-up target is in-play, with room up to 2500.00. Then its reaction down fell to 2488.50.

The reactions last stretch came after already triggering the 2489.00 bias-up signal at 10:15,. and it was too late to be invalidated. Back above 2491.75 would signal the rally had resumed