Post-open Review… Just an elaborate trap?

Selling not isolated, but possibly temporary.

Opening AT yesterday morning’s 2569.00 low was already not in the spirit of an Isolation setup. The door remained open to post-open selling, which attacked the 2560.50 overnight low down to 2562.00. Its recovery was overlapping the 2571.00 bias-down target at 10:15 to avoid renewing the bias-down target.

But this is still a bias-down environment. Within 5 minutes price had collapsed 8 points. And 5 minutes later the collapse was recovered. Recovered, and soon extended up to the 2579.00 bias-down signal. But this is still a bias-down environment. The bias-down signal’s test as resistance should define the window’s upper-end.

The bias-down signal’s test as resistance includes room for noise up to 2581.00, which is being tested now. Yesterday’s 2582.50 and 2586.25 closes could be tested, too. The 2579.00 bias-down signal must still be retraced, unless the bias environment is exited above its 2590.75 bias-up signal to reject the bias-down. And rejecting the bias-down is the only near-term bullish development possible.