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Post-open Review… Lackluster selling. – If, Then… Market Timing

Post-open Review… Lackluster selling.

Choppy open holds support, sort of.

No specific resolution is required from this morning’s opening behavior. Not for lack of trying to trigger a signal, but none was tested when it would have been predictive.

Another fresh low before the open had tested 2835.50. Its test through the opening 15 minutes of volatility would have indicated the 2836.75 bias-down signal was likely or unlikely to trigger 30 minutes later. But it was only tested pre-open.

And the 2836.75 bias-down signal wasn’t tested post-open until coming within 3 minutes of the 10:15 signal to invoke the grace period. Still testing it at 10:30 triggered noN-bias, so this morning has no bias requirement. A bias target isn’t in-play, no offsetting test of the other bias signal is required, and neither bias signal is required to hold its test.

In other words, there’s no objective or influence this morning.

Back under 2835.75 would be credible for dipping anyway, probably to test the 2830.50 bias-down target. Currently, that’s being avoided by surging up to 2841.00, and any higher could extend to or toward the 2848.50 bias-up signal — but not as a required offsetting test of the bias-down signal, because its test wasn’t rejected in time to be predictive.