Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the disable-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/jwl23/public_html/rd.johnlander.me/wp-includes/functions.php on line 6131
Post-open Review… Late dissent. – If, Then… Market Timing

Post-open Review… Late dissent.

Bias-up eventually triggers, ultimately fails.

A struggle of wide swings triggered bias-up. A late drop invalidated it.

The overnight low’s dip back down to this morning’s 2651.25 bias-down signal had recovered pre-open to test the 2665.25 bias-up signal. Quickly surging up to 2673.00 was reversed back down to 2657.00. Another more substantial surge triggered bias-up signal, and attacked its 2676.75 bias-up target to within 2 points.

But reacting down retraced the bias-up signal through 10:30 — barely, but in time to invalidate that it had triggered. It’s not required to be the window’s upper-end. Its bias-up target isn’t required to be met. And an offsetting test of its bias-down signal isn’t in-play.

In fact, despite invalidating the bias-up, another rally leg is free to begin, and would likely be very productive. Meanwhile, fresh post-open lows are attacking 2655.00. Its break would suggest reinforcements had arrived, if only to retest yesterday’s lows.