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Post-open Review… Keeping it real. – If, Then… Market Timing

Post-open Review… Keeping it real.

Post-open dip bounces off its pullback limit.

Any post-open strength intending to extend needed either to play it cool, or else be relentless. Either hesitate before actually testing the 2098.50 overnight high, or else maintain its recovery if probing above it.

An immediate surge that stopped pessimistically short of touching the overnight high would have been bullish — from a contrarian perspective. So, just imagine the bullishness of pessimism that actually sent price down.

Down, without breaking under relevant support. Without breaking support, despite testing it.

In fact, price action only weakened from the 2093.00 opening print. Remember the 2090.50-2091.00 pullback limit I had described the during the pre-market Tour? It was tested and retested. And its test held.

More so, its test reversed up to fresh post-open highs at 2097.75. Bias-up was renewed, next targeting 2097.00 and 2099.50. Still overlapping 2097.00 at 10:15 does warn of another dip before extending higher. But now holding the 2093.75 bias-up target as support would maintain the recovery.