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Post-open Review… More noisy, less range-y. – If, Then… Market Timing

Post-open Review… More noisy, less range-y.

Pre-open recovery and post-open surge crumble.

Ranging sideways through midnight between 2730.00-2735.00 had broken sharply lower to 2724.50. All of which was still within yesterday afternoon’s range. And all of which was recovered before the open up to 2733.00 and then post-open up to 2736.50.

All of which has been reversed to probe under the overnight low down to 2722.25. And all of which is within yesterday afternoon’s range.

Meanwhile, the 2727.75 bias-down signal has triggered, putting into play its 2720.75 target. A bounce would be likely to fail and the trend is likely to resolve down. But a bounce does have room to probe the 2727.75 bias-down signal and room for noise up to 2730.75 before suggesting a bigger detour underway to the upside, instead.