Post-open Review… Last-minute leaks.

Bias signal delayed at last-minute, again.

It happened yesterday morning, too, sort of. This morning was on its way to triggering no-bias, cleanly recovering above the 2989.25 bias-down signal by 10:15. That would have put into play an offsetting test of its 2907.50 bias-up signal.

In fact, 2907.50 was touched… within 3 minutes of 10:15. Suddenly, the clean no-bias invoked the grace period. And the grace period has held to trigger no-bias.

Yesterday morning the bias signal being tested within 3 minutes of 10:15 was the only bias signal that had been touched. That’s more common, resolving either in triggering the bias, or not triggering it. And not triggering it resolves either in no-bias or noN-bias.

This morning the bias signal that invoked the grace period is the second bias signal tested. Trending from one bias signal to the other entirely within the opening period is rare. It reflects as much sentiment as triggering a bias and trending to its target.

So, sellers were almost marginalized by failing at an attempt to trigger bias-down. Rewarding buyers so quickly forced them to confirm their control, which failed. Effectively sellers get a second chance by default.

An offsetting test of the 2898.25 bias-down signal is in-play. Having been tested already, it won’t become “unfinished business” if not met this morning. This is still a no-bias environment, so probing beyond either bias signal — extending any higher — would require being retraced.