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Post-open review… Not even a whiff of strength. – If, Then… Market Timing

Post-open review… Not even a whiff of strength.

Early strength would have been credible. We”ll never know.

Opening at or under 2099.25 quickly extended down to the 2095.50 bias-down signal, and then spiked down under the overnight lows to 2091.25.

Reacting up to 2097.50 was retraced deeply enough to overlap the 2095.50 bias-down signal at 10:15, invoking the grace period. And 2095.50 broke lower through 10:30 to trigger late bias-down.

The 2088.00 bias-down target is in-play. Being a late signal makes the target a little more capable of holding its test, instead of extending down to 2084.00 and 2077.00.

Fresh lows are being probed down to 2089.50 while RSIs refuse to turn oversold. Expending so much selling pressure so quickly also improves the potential for the 2088.00 target”s test to recover. But the only credible buy signals are back above the bias-down signal, or else after fulfilling the bias-down target.