Post-open Review… Holding up, and holding out.
Probing above the overnight highs.
Greeting the open at 1971.00 had ranged 1968.50-1974.25 during the first 3 minutes. Dipping to a fresh low at 1967.00 on news was largely recovered.
But the 1972.00 bias-up signal was touched within 3 minutes of 10:15 to invoke the grace period. And it was still being overlapped at 10:30. Bias-up did not trigger, nor was it rejected for a no-bias.
This is a noN-bias environment. Bias parameters are still support and resistance, but not predictive. The bias-up target isn’t in-play, and neither is an offsetting test of the bias-down signal.
Often, noN-bias environments fluctuate around the untriggered bias signal. Essentially, a “dry cleaners” morning, better devoted to running errands than to navigating choppy and unreliable price action.
Often isn’t always. And the reward of probing fresh highs happens to be due to yesterday afternoon’s buyers for having gained traction. So, there’s at least potential to trend up, but no requirement this morning.
