Post-open review… False negative.

Choppy, narrow open finally gives way. For a moment.

The pre-open reaction to this morning”s Employment Situation report had attacked 2071.00. Reacting up to touch the 2082.50 overnight high proved only temporary, and the open was greeted back under 2077.00. Soon 2071.00 was being attacked again.

That pre-open volatility proved deceptive. It had sucked out any post-open trending attempt. Volatility remained high, albeit in a narrower 5-point range centered around the 2073.00 bias-down signal — 6-7 swings around 2073.00.

The range ended, but apparently not the volatility.

The grace period triggered bias-down from under the open”s range. That tends to offset the signal having been triggered late. But despite extending down to 2067.25, a bounce is now probing back above 2073.00.

The late signal can be invalidated by exiting the bias environment at 11:30 back above the open”s range, which is 2077.00 or better. Any shallower of an exit would make the 2066.00 bias-down target become “unfinished business below.”