Post-open Review… Fast fizzle.

Overnight highs abandoned.

Rallying into and out of Europe’s opens up to 2917.25 contained just enough complexity to consider it a “new Globex trend extreme.” That requires its intraday retest, often the same day, but not necessarily.

Retesting the overnight high today isn’t looking good. Opening at the 2912.25 bias-up signal held its resistance to trigger no-bias. This puts into play an offsetting test of the 2903.25 bias-down signal. Often the same day.

Fulfilling the bias objective isn’t looking much better. The signal has yet to produce a retest of the 2905.50 pre-10:15 low. And the 2912.25 bias-up signal is now being retested as resistance.

Fluctuating around 2912.25 is still likely to hold, and back under 2910.00 would signal momentum reversing down. But exceeding the range around 2912.25 would be credible for “no-bias trending” back up to the overnight high, a detour that would require being retraced.