Post-open Review… From rut to rut.

Bias-down signal test, meet bias-up signal test.

The lower-end of yesterday afternoon’s range was tested overnight down to 2932.00. And retested. The lower-end held, and its retest launched a bounce attacking the range’s 2939.75 upper-end. The upper-end held.

Dipping through the open extended to retest the lower-end of yesterday afternoon’s range down to 2931.00. The test held. Not only the test of overnight lows, but of this morning’s 2933.25 bias-down signal.

This is a no-bias environment. Having held a test of the bias-down signal, an offsetting test of the 2942.00 bias-up signal is in-play.

Already 2939.00 is being pierced. Actually fulfilling the 2942.00 bias-up signal’s test would also come within 3 ticks of yesterday’s “unfinished business” at 2942.75, which would neutralize its attraction. This wouldn’t necessarily end the rally, but new objectives would need to be established.