Post-open Review… False alarm.

Gap up fails to materialize.

Gapping up to and/or through yesterday’s highs would have launched uptrending into the afternoon. Pre-open action tried to deliver, but didn’t. Probing up to 2209.00 as retraced to greet the open back above yesterday morning’s highs.

But the open was greeted back at yesterday’s late 2206.00 high. Which could have recovered through the open to qualify. But the open only slid deeper, testing 2201.50.

Neither 2198.50/2207.75 bias signal was touched before signaling no-bias. Neither has been touched since. While there was room to dip slightly deeper without targeting lower lows, it’s not required. So, if this is the range’s lower-end, then its upper-end can now be attacked.

Exiting the bias environment when it begins lapsing at 11:30 above 2206.00 and 2207.75 would keep the door open to an afternoon rally. But delaying a rally leg much later — let alone delaying at least a recovery to the range’s upper-end — would open the other door wider to a deeper dip targeting 2195.50.