Post-open Review… First impressions can be deceiving.
Hovering in positive territory isn’t necessarily strength.
The pre-open slide from 2089.25 probed negative territory after the open. But only slightly, and only briefly, basically testing 2077.50 support. Its reaction up tested the 2082.75 bias-up signal, probing it by 1 point. Twice.
But the hesitant selling and the repeated bouncing matter less than price action at a relevant timing window.
At 10:15 the bias-up signal had held its test. This is a no-bias environment. And since a fresh low printed after 10:15, invalidating the no-bias signal requires exiting the bias environment above the pre-10:15 2083.75 high. Meanwhile, an offsetting test of the 2072.00 bias-down signal is in-play. Although not required, I would expect that to visit 2068.00, too.
