Post-open Review… Looking up, until.

Sellers have trapped themselves.

The 2722.50-2731.50 overnight range had broken lower after Europe’s opens. It extended down to 2708.75 before bouncing pre-open. A post-open pullback held the 2714.75 bias-down target as support to launch a recovery back into and through the overnight range.

Having tested the bias-down target, not triggering its 2724.75 bias-down signal has put into play offsetting tests of BOTH bias-up parameters. Already, the 2738.25 bias-up signal has been tested up to 2740.50. A reaction down now testing 2734.25 must recover to maintain the 2745.50 bias-up target.

This afternoon’s bearish WedEX influence doesn’t yet have much room to be very influential without damaging the recovery attempt. Bearish WedEX on Friday need not be steep, but a reliable bottom would try creating as much room as possible to absorb corrections.