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Post-open Review… Hovering. – If, Then… Market Timing

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.