Post-open Review… Going once, going twice, gone?

One test held didn’t prevent later breaking the bias-down signal.

The open blipped down to test the 2081.75 bias-down signal by 1 point. Its reaction up recovered to and through yesterday’s late 2087.50 highs, up to the 2089.00 overnight high.

But no higher. And that has all been reversed. The 2081.75 bias-down signal has been probed down to its 2075.50 bias-down TARGET.

This came after signaling no-bias at 10:15. And it came after holding the bias-down signal’s retest at 10:30. So, this is “no-bias trending” that requires being retraced back to the 2081.75 bias-down signal. Even higher, to fulfill the offsetting test of the 2092.00 bias-up signal.

All of that can be rendered moot. Since the 10:15 high was never bettered, exiting the bias environment under the 2075.50 bias-down would not leave any “unfinished business above.”And room to 2067.00 below.

Currently, oversold RSIs at the low are impeding a recovery, while a continuation pattern (Flag) has formed. Currently, there’s still time to neutralize the downside by 11:30 to reinstate the upside. But currently there’s no upside momentum.