Post-open Review… Isolation attempt.

No prior high recovered, but a low is holding.

Probing under yesterday morning’s low had been contained to within the noon hour. That isolation setup can be very bullish, if extended to recover a prior high. But that didn’t happen.

Yesterday’s last drop filled the gap back down to last Wednesday’s close. That setup can also be very bullish, also if extended to recover a prior high. That didn’t happen, either.

Now last night’s drop has been recovered back above yesterday’s 2434.00 late low. That’s another isolation setup. It can be very bullish, if extended to recover a prior high.The nearest prior high had followed into the futures close up to 2438.00, but it wasn’t recovered. Not for lack of trying — 2438.00 was being tested at the open.

Is “third time a charm” for the isolation setup, or have the prior two setups conditioned Pavlov’s dogs to ignore this one, too?

The 2434.50 bias-down signal did hold as support to trigger no-bias, putting into play an offsetting test of the 2440.75 bias-up signal. That was quite awhile ago.

A blip-up to 2438.00 but not through it could still recover to fulfill the bias parameter. Otherwise, the rubber band will need to be stretched a little tighter, down to 2433.00.