Post-open Review… It’s only getting started.

Post-open action tracks its pre-open description.

I highlighted two warnings during the pre-market Tour. First, that delaying a probe under 2034.00-2035.00 would lack sponsorship capable of trending down. Second, it’s time for a session with multiple intraday reversals.

While both characteristics have defined post-open action, there’s so much more than that.

The 2038.00 open first rallied to 2043.50 before reversing back under the morning’s 2041.50 bias-up signal. That first reversal had extended down to test 2034.00-2035.00 when “no-bias” triggered, putting into play an offsetting test of the 2029.75 bias-down signal.

2032.50 was touched when the next reversal came. First surging to test the 2041.50 bias-up signal by 1 point was retraced to attack 2034.00-2035.00. That allowed me plenty of time to point out that a fresh high would target 2044.50-2046.00.

In fact, the morning’s 2046.50 bias-up target was touched. Exiting the bias environment above it would invalidate whatever had been put into play by holding its 2041.50 signal through 10:15. Offsetting test of the bias-down signal? Moot. No-bias trending above the bias-up signal? Moot.

So, is everyone ready for another intraday reversal? The recovery is no more durable than the drop preceding it. Reacting sharply from one extreme to another is natural for a trading range. Not necessarily the extreme extremes, but internal extremes.

Now reacting much more often and more steeply is building up energy to break an extreme extreme. At least, to break it temporarily before reversing much more substantially in the opposite direction.