Post-open Review… Laying the groundwork.

Holding support before this afternoon’s WedEX.

Yesterday’s 2336.75 low had been attacked to within 1 tick overnight. It was pierced by 1 point before the open. It was touched only two minutes before the open, and held.

That’s just noise, and not stretching the rubber band so it can snap back up. Its reaction was likely only to test 2343.00. Attacking it to within 1 tick was reversed to touch the 2339.75 bias-down signal. And only touch it.

No-bias triggered cleanly, putting into play an offsetting test of the 2348.25 bias-up signal. Already piercing a fresh high up to 2343.25 after 10:15, invalidating the upside objective is possible only by exiting the bias environment under the 2337.25 pre-10:15 low.

Nothing requires recovering this morning. But if not yet rallying through the noon hour, then the bullish WedEX would have little excuse not to rally into the weekend.