Post-open Review… Keeping sellers disinterested.

Muted opening strength isn’t attracting sellers.

The 2263.50 opening print did gap up above yesterday afternoon’s highs. But it was still several points short of the 2266.00 resistance being tested at yesterday’s open. And extending higher post-open wasn’t immediate, and it stopped short of touching the 2266.00 bias-up signal.

Reactions down held 2262.00. If buyers weren’t going to exert much effort, then absorbing them wasn’t going to be due much reward. No-bias was triggered, but no offsetting test of the bias-down signal is required,

A half-hour rally off the retest of 2262.00 is piercing prior highs up to 2266.00. Too late to trigger bias-up, but recovering it through 10:30 could have invalidated the no-bias. Overlapping it does not qualify.

No-bias, or not, probing higher anyway should be doomed to failure. There’s room for noise up to yesterday’s 2267.50 opening peak. Meanwhile, breaking back under 2263.00 would have room down to the 2256.00 bias-down signal until the bias environment begins lapsing — and then no support until fresh lows.