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Post-open review… No takers. – If, Then… Market Timing

Post-open review… No takers.

Pre-open bounce attracts mostly sellers.

This morning”s 2062.50 bias-down target was attacked to within 3 ticks by an opening surge from 2055.00. That proved to be only a range, centered around the 2058.25 preliminary level. A break lower has extended down 10 points to 2048.50.

And that was before 10:15. Producing a fresh low after that down to 2047.25 at least makes reversing up more difficult. Currently, a buy signal at 2053.50 is being probed by 3 points, targeting 2057.75 and potentially 2062.50.

Back under 2052.75 would signal that another bounce had failed, essentially marginalizing sellers for the day.