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Post-open Review… Loose puck. – If, Then… Market Timing

Post-open Review… Loose puck.

Support holds, but not enough to reject a signal.

Sunday night’s action was contained within Friday’s non-trending range, warning that this morning would not be optimal or predictive. The preliminary 2059.75 level did hold a test, but not until after 9:45, so the 2063.50 bias-down signal wasn’t any more or less likely to trigger at 10:15.

Still overlapping the bias-down signal at 10:30 didn’t suffice as invalidating it. The next opportunity to invalidate the bias-down signal is at 11:30, exiting the bias environment back above the 2072.25 pre-10:15 high.

Already, a bounce is attacking 2066.00. If not extended above 2072.25 by 11:30, the 2058.50 bias-down target would become “unfinished business below.” Regardless, continue to be careful in this morning’s environment.