Post-open Review… Ho, and hum?

Relatively narrow opening range, holding.

Similar to Thursday’s open, not trending down through the open has made trending down this morning unlikely. Dipping overnight to 2357.00 had bounced pre-open to 2363.00. Dipping again into the open was very short-lived, and it only attacked the 2358.25 bias-down signal to within 1 tick.

Reversing back up has attacked 2365.00. Its still negative territory, but it’s not arbitrary. There was an effort to break lower, and the effort failed through relevant timing windows. Sellers are likely marginalized for the morning… or later.

Meanwhile, only attacking the bias-down signal — even all the way to within 1 tick — doesn’t equate to actually touching it. So, an offsetting test of its 2366.25 bias-up signal isn’t required. Not officially, but it’s still likely. And at least an obligatory probe above yesterday’s 2367.00 highs is likely, too.