Post-open Review… Late to party.

Bias-down invalidated.

The overnight extension higher was only retraced before the open. It may as well have been rejected by reversing into negative territory. Not gapping up from yesterday’s setup meant not rallying. Not credibly, not sharply, not durably.

The flat open at 2168.25 reacted up 4 points immediately, triggering a buy signal that peaked within its first 3 minutes at 2172.25. Reversing down through a sell signal under 2169.00 quickly fulfilled its 2166.00 target. The 2164.50 bias-down signal was attacked to within 1 tick, an errant tick’s knee-jerk reaction to news.

No-bias triggered. That’s all the morning was required to do — fluctuate within its range for noise.

When it had become too late to invoke a grace period, another  sell signal was triggered under 2166.00. The 2164.50 bias-down signal was broken through 10:30 to invalidate the no-bias. That break was pretty productive, plunging into a sudden bottom at the 2156.50 “unfinished business below.”

Plunging AFTER 10:30 would have been “no-bias trending” which would require recovering. So, this drop can extend, and its next lower objective would be 2141.50. But that’s unlikely. The opportunity to extend was yesterday, and that opportunity was flubbed. Still, oversold RSIs are undermining the current 3-point bounce from testing 2156.50.