Post-open review… Not always better late than never.
Consolidation around support finally bounces.
The overnight probe under the 2113.50 bias-down signal wasn”t repeated before the open. And the pre-open recovery back up to 2113.50 wasn”t extended.
2113.50 wasn”t even probed until after the open, and then only momentarily. The first hour”s 2111.00-2115.00 range was centered around 2113.50, narrowing through the 10:15 bias timing window to invoke the grace period..
Until…
With only seconds remaining, a surge began extending to 2117.50. A bias signal triggered, and it wasn”t bias-down. This is a late no-bias environment. Having held a test of the bias-down signal, an offsetting test of the 2120.75 bias-up signal is in-play.
2117.50 is the last relative overnight high, so this resistance may be only obligatory, i.e. temporary. Meanwhile, 2117.50 is the 3-minute high to a buy signal triggered above 2114.25, when initial sponsorship often fades. A fresh high would confirm momentum has reversed up.
Exiting the bias environment back under 2113.50 would be less bearish than having triggered bias-down earlier. But it wouldn”t be bullish.
