Post-open review… Just say noN.

Pre-open and post-open rally efforts fail.

The post-open rally was bigger than its pre-open predecessor. And steeper. And shorter-lived.

A 5-minute surge from the open pierced the overnight high by 3 ticks up to 2106.50. And then the surge stopped. A 2-1/2 point range of congestion formed there, supported by an overlapping the 2104.25 preliminary indicator — neither recovering it or rejecting it at 9:45.

Its eventual reaction has trended down. The 2101.50 bias-up signal was still being overlapped, too, at 10:15. And also at 10:30, so this is a noN-bias environment. The bias-up signal need not define the morning”s upper-end, and an offsetting test of the bias-down signal isn”t required. Its break lower just touched 2095.00. 

Yesterday”s closing “equilibrium” signal seems alive and well. Two convincing trending attempts have been retraced back into yesterday”s range. 

They haven”t alternated between positive and negative territory, so I”m reluctant to entertain a buy signal under 2099.50, or until 2093.50 or 2090.00 is tested… perhaps even the 2088.00 bias-down signal, which isn”t required.