Post-open Review… A little late, but arrived.

Post-open dip takes longer than expected to recover.

I described two bullish scenarios during the Market Tour. Of course, one bullish scenario would have maintained a gap up above prior highs, if not also extended it through the open. The second bullish premise would have reacted to gapping up dipping, and then resuming the rally for only the morning.

The open’s gap up to 2480.00 reacted down immediately. But it wasn’t just a dip. Touching 2476.25 reacted up 2 points, only to be resisted by this morning’s 2478.00 bias-up signal. Its test reacted down again to 2475.75.

No-bias. With an offsetting test of the bias-down signal in-play.. Except…

The 2478.00 bias-up signal was touched in time to invoke the grace period. Which triggered the bias-up, late. The bullish scenario developed, albeit late and lower. The 2484.00 bias-up target is in-play, but it’s not required like an optimal setup would have done. Back under 2476.50 would signal the recovery had failed anyway.