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Post-open Review… Last one for the gapper. – If, Then… Market Timing

Post-open Review… Last one for the gapper.

Pre-open slide tries extending. Nice try.

The open was bouncing from 2016.00 to 2019.00. Selling resumed and fresh lows were probed down to 2014.25. Almost as quickly, 2019.00 was being retested as resistance. And that has extended up to 2024.00.

The 2018.00 bias-down signal’s test held through 10:15, putting into play an offsetting test of the 2026.50 bias-up signal. Higher highs probed after 10:15 make it much more difficult to invalidate the objective.

Despite having probed higher after 10:15 up to 2024.00, a reaction down is testing 2018.00 as support. It’s too late to trigger bias-down, and to late to invalidate the no-bias. So, this should be bias environment range’s lower-end.

Exiting the bias environment at 11:30 back under 2018.00 might undermine extending higher today. But actually invalidating the upside attraction would require exiting the bias environment under the 2014.25 pre-open low.