Post-open Review… It just gets wider.

Overshadowing the choppy overnight range.

The pre-open surge to 1902.00 had retraced to greet the open at 1892.00. Rather than improve, the gap up narrowed to test 1887.50. Reacting up couldn’t get past the opening range before headlines triggered a deeper drop.

And having rejected tests of both bias-up parameters, offsetting tests of the bias-down parameters were put into play.

The rejection came late, as still overlapping the 1882.00 bias-up signal at 10:15 invoked the grace period. Only the 1869.25 bias-down signal’s test is required. The 1862.75 bias-down target’s test won’t become “unfinished business below” if left outstanding.

And it might be left outstanding. The bias-down signal was tested down to 1866.00. Filling the gap back to yesterday’s close and testing the overnight low has reacted up to within 6 ticks of 1887.50.

Back under 1879.25 would start to signal the bounce had failed. But exiting the bias environment back above its 1887.50 bias-up target could resume the overnight recovery — recoveries — this time without hesitation before testing 1913.00.