Post-open review… Kicking and screaming.
No-bias, but not enthusiastically.
Recovering 1980.50 through the opening 15 minutes, or not, would have told us the 1979.50 bias-down signal didn”t intend to trigger at 10:15. Not recovering 1980.50 would have made bias-down likelier to trigger.
2980.50 was still being overlapped at 9:45, so no preliminary signal. All it foreshadowed was the 1979.50 bias-down signal”s murkiness, being overlapped within 3 minutes of the 10:15 bias timing window. That invoked the grace period through 10:30.
At 10:30, the 1979.50 bias-down signal was recovered and did not trigger. This is a late no-bias environment. An offsetting test of the 1990.00 bias-up signal is in-play.
CAVEAT: Being a “late” no-bias environment, its normal objective is not a requirement. Fulfilling it at all could meanwhile be a struggle. And 1979.50 is still a relevant dividing line, so back under it could trigger another dip.
It”s not exactly the optimal bias environment. It also doesn”t reject the traction gained by yesterday afternoon”s sellers. So, drifting flat-to-lower this morning would remain abnormally vulnerable to extending down sharply this afternoon.
