Post-open Review… Non-decisive hovering.

Bias-up signal attracts, then holds.

Reacting down from the 2786.50 overnight high had itself attacked 2779.00. And that was recovered to greet the open at 2784.00. That ended the potential for rejecting last night’s probe above prior sessions’ highs. In fact, the pre-open recovery extended post-open to fresh highs at 2788.25.

Which offered another opportunity to reject a probe above prior sessions’ highs. A pullback was recovered back above 2788.00, and then another pullback recovered. The 2786.50 bias-up signal was still being tested at both 10:15 AND at 10:30 to trigger noN-bias. The bias-up target is not in-play, and the early probe above prior highs can be rejected.

Of course, having avoided a clear rejection of the 2786.50 bias-up signal means an off-seting test of the bias-down signal is also not in-play. The early probe above prior highs can be rejected, and back under 2784.00 would signal a reversal underway.