Post-open Review… noN decision actually is no decision.

If Confucius were a trader.

Confucius said, “no decision IS a decision.” This morning’s open said, “noN-bias.” And that really IS not a bias.

At least no-bias would have put into play an offsetting test of the bias-up signal. Bias-down would have put into play the bias-down target. But noN-bias was triggered by overlapping 2289.75 at 10:15 and again at 10:30. This morning’s window has no requirements of it.

Fortunately, we do have a bigger picture roadmap. Regardless of being deep or steep, only a brief dip this morning would be appropriate for resuming the rally today. Bias-down would have fit if resolved quickly. So, resuming the rally today may wait until the bias environment begins lapsing, but need not.

By the same token, exiting the bias environment in decline to fresh lows would not be bullish. Probing a fresh low before then could recover. Otherwise, it would be yet another reflection of weakness, along with not confirming Wednesday’s breakout, and Thursday’s flat, narrow ranging.