Post-open Review… Holding up.

Post-open recovery hits resistance.

The 2567.25 overnight low had recovered back up to Friday morning’s 2577.00 “higher prior low” and ranged sideways into the 2575.50 open. A quick dip down to 2571.00 was reversed up to 2580.00. Friday morning’s low was recovered through the opening 15 minutes of volatility.

Extending higher overlapped the 2584.25 bias-down signal at 10:15 to invoke the grace period. A pullback to 2580.00 was recovered to attack 2587.00. But the 2584.25 bias-down signal wasn’t recovered at 10:30. Officially, this is a bias-down environment.

But it is a late bias-down, by a 2-tick margin, after already meeting its bias-down target. Not the most reliable. Above 2588.00 would signal that the recovery was extending. Back under 2582.50 would start to signal another dip to the 2576.00 bias-down target underway.