Post-open Review… Not exactly isolated.

Opening chop didn’t avoid negative territory.

Isolating the overnight probes under yesterday’s lows could have launched a massive short-squeeze. Although the open and the bias timing window probed well into negative territory, the 2125.25 bias-down signal didn’t trigger.

The 2131.25 bias-up signal didn’t trigger either. “Late no-bias” triggered by ultimately holding a test of the bias-down signal through 10:30. An offsetting test of the bias-up signal is now being fulfilled.

Not isolating the overnight probes doesn’t prevent a bounce to 2137.50 or higher. In fact, the bias-up signal is being probed, currently up to 2143.50. This might become a massive short-squeeze, but anything above the 2131.25 bias-up signal during a no-bias environment is “no-bias trending” that requires a complete retracement back down to 2131.25.

The 2126.00 10:15 print is an attraction, too. More than undermine a short-squeeze, it might be a catalyst to reverse momentum for probing overnight lows into the weekend. Volatility today remains likely, whether by trending substantially, or by reversing a significant trending attempt.