Post-open Review… Holding up, but held down.

Blip-up retraces back into the range.

Trending up this morning all but required gapping up. For starters. The open overlapped yesterday’s highs down to 2399.25 and touched a fresh high at 2400.50. Extending higher would have been credible, but was prevented by reacting down 3 points.

Which made dipping back down to the range’s 2395.00 lows likelier. Probably down to 2393.50. And also an offsetting test of the 2391.00 bias-down signal, having held a test of the 2399.00 bias-up signal.

That barely tested 2397.00 before bouncing again to retest the 2399.00 bias-up signal. Recovering it through 10:30 would have invalidated that it had held at 10:15. Trending up this morning would still be possible, but still not durably without gapping up.

2399.00 wasn’t recovered at 10:30. Still overlapping it  doesn’t qualify for invalidating no-bias. The 2391.00 may be left outstanding to become “unfinished business below.” But potential to briefly probe fresh highs up to 2405.00 can’t be dismissed.