Post-open Review… Maximum flux behavior!

Topping pattern still being traced.

In Saturday’s discussion of the potential topping pattern, I noted that the real fireworks might not appear until Tuesday afternoon or Wednesday morning. Monday’s action could be choppy and frustrating, recovering from a shallow gap down — whether recovering a little or a lot — to close only slightly positive.

Even more frustratingly, recovering from this morning’s shallow gap down has avoided triggering a bias. The 1986.00 bias-down target was touched at the open, and the 1992.50 bias-down signal was touched within 3 minutes of 10:15 to invoke the grace period. It was still being overlapped at 10:30 to trigger noN-bias.

A retest of the bias-down target is not in-play. Offsetting tests of both bias-up parameters are not in-play. The bias levels remain influential if tested, but not with any specific consequence.

Price action is still tracking the broader template, now having recovered the shallow gap down back up into slightly positive territory at 1998.00. But it’s early. The recovery might fail; extending to fresh highs might not be rejected. Holding 1995.00 would keep alive the upside probing.