Post-open Review… Floored.

Pre-open dip tries extending, fails.

The 1901.75 bias-down target had been attacked to within 2 ticks before the open, which then surged to 1909.00. Another dip extended to fresh lows at 1898.75.

That low was retested after an interim bounce up to the 1907.00 bias-down signal.  But the bias-down target held as support. And eventually, so did the bias-down signal, triggering a late no-bias.

Now yesterday’s “higher prior lows” are being tested up to 1912.00.

Rejecting tests of both bias-down parameters puts into play offsetting tests of both bias-up parameters. A timely signal would have required at least the bias-up signal’s test. This morning’s late signal doesn’t require anything, but tests of both bias-up parameters remains likely.

This afternoon’s bullish WedEX continues to suggest that sellers will continually fail their attempts to retake control. That said, exiting the bias environment back under 1907.00 would undermine the afternoon upside.