Post-open Review… Hovering.
Held up through one bias environment, holding up into another.
The open’s surge up to 2506.00 reacted down less than 3 points this morning. And that was recovered almost entirely into the bias environment lapsing. The bullish WedEX is no longer influential.
Attacking this morning’s 2507.00 bias-up target to within 4 ticks all but fulfills it. Regardless, that signal is no longer influential, either.
Reacting again into the noon hour’s 2502.00 low has maintained positive territory throughout. This afternoon’s bias-up signal didn’t trigger, but an opportunity to reverse the trend down wasn’t exploited. So, a fresh session high has become likelier. Similarly, retesting this morning’s high would have greater potential to extend higher.
All of which relies on actually probing a fresh session high. Meanwhile, back under 2500.75 would instead start signaling momentum reversing down.
