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Post-open Review… Fighting off sellers. – If, Then… Market Timing

Post-open Review… Fighting off sellers.

Dips recovering.

es_032317_amLast night’s initial probe above yesterday morning’s 2348.00 high had been retraced down to 2343.00. Another overnight bounce retested 2348.00, and then reacted down more deeply to 2341.00.

A post-open dip touched this morning’s 2339.75 bias-down signal. The next reaction up was more reserved than the overnight bounces, resisted at or under 2347.00 through 10:15 to trigger no-bias.

An offsetting test of this morning’s 2350.50 bias-up signal was put into play. Surging at 10:30 extended straight up to within 2 ticks of 2350.50. It has now been touched.

Actually, 2350.50 is now being probed. During the no-bias environment. This requires being retraced to at least 2350.50 — if not also to 10:15’s print at 2344.00. Both 1-minute and 3-minute RSIs are overbought at the 2352.25 high, so it must be retested if price were to react down.