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Post-open Review… Holding back sellers. – If, Then… Market Timing

Post-open Review… Holding back sellers.

Triggering bias-up.

Another overnight test of 2788.00 would not have been bullish. It was attacked to within 1 tick, which is borderline, but it held. Vulnerability to a post-open test of 2788.00 couldn’t be dismissed, and could still be dealt with bullishly if done early enough. It was only attacked to within 1 point at 2789.00.

The overnight dip to 2788.00 had recovered to 2794.50. That’s being pierced now by 1 point up to 2795.50. The 2789.75 bias-up signal is triggered and confirmed. Its 2797.50 bias-up target is in-play.

Invalidating the bias-up target requires exiting the bias environment back under its 2781.75 bias-down signal. Meanwhile, just dipping back under 2790.50 would start to signal a deeper pullback underway, anyway.