Post-open review… It’s on.
Attraction above is in-play.
If a dip had to extend so far as to touch 2105.50, then recovering it through 9:45 was needed to reinstate yesterday”s late rally to overnight highs. But just failing to hold 2107.25 all but required testing 2105.50, and the setup was triggered.
Next.
The only remaining bullish scenario would be to hold a test of the 2104.25 bias-down signal through 10:15, putting into play an offsetting test of the 2111.00 bias-up signal. Three touches of 2104.25 held, triggering no-bias. And now the reaction up just touched 2109.50,
That”s positive territory, and it”s more evidence that yesterday afternoon”s buyers gained at least enough traction to absorb dips. But not trending higher throughout this morning would be greater evidence that any upside traction is lost.
Exiting the bias environment in rally mode would help to reinforce attractions to this week”s other unfinished business above, beginning at 2115.00 and extending to at least 2128.25.
