Post-open Review… Hanging on.

Post-open low could qualify as a bottom.

The overnight rally had extended pre-open to within 1 tick of 2353.00. Post-open action fulfilled expectations by reacting down from the pre-open rally. Twice. A 5-point dip through the open was recovered entirely to 2353.00, then reversed to a fresh low within 1 tick of the 2344.75 bias-down signal.

Then recovered entirely again. Twice. First to a 2354.00 during a televised news conference. And now — after invoking the 2351.00 bias-up signal’s grace period — to 2355.50. The 2357.50 bias-up target is in-play.

The post-open probe under yesterday’s intraday low makes a bottom credible, as was described at yesterday’s close. Actually touching 2344.75 post-open was narrowly avoided, but it was as close as possible, and the overnight probe was much deeper.

Nevertheless, extending and/or maintaining this afternoon would be more predictive. Anxiousness ahead of tomorrow’s Employment Report will make that difficult.