Post-open Review… Holding up more than holding back.

Overnight range is persisting.

Yet another attempt to probe above 2667.25 failed before the open. It reacted back down to unchanged at the open, and pierced the overnight lows during the opening 15 minutes of volatility. Its 2663.25 retest held, while RSIs diverged positively.

Bouncing back above the open stopped 3 ticks short of the 2667.25 bias-up signal, triggering no-bias. Too late to trigger, and too late to invoke the grace period, 2667.25 was touched in time for breaking through 10:30. No-bias would have been invalidated. It held.

All of which suggests that 2667.25 is this morning’s upper-end. Which suggests the morning will include some sort of reaction down. Which could be a test of 2660.50, or of the 2657.75 bias-down signal.

No-bias suggests the window will be contained within its signals that had failed to trigger. Probing higher anyway is called “no-bias trending.” It would be doomed to failure, but could meanwhile test the 2673.00 bias-up target.

Since RSIs didn’t deteriorate or diverge into the test of 2667.25, sellers aren’t impressive. They didn’t exploit the open’s opportunity to reject the overnight range. I’m giving “no-bias trending” a benefit of the doubt — a fresh high just touched 2669.00 — fully expecting its ultimate retracement, with little reliability from where and when.