Post-open review… Not for lack of trying.

Overnight rally fails to resume.

The pre-open recovery from 2095.25 had eked its way back toward the 2105.25 overnight high. But the open only blipped-up to 2103.50 before reversing back down to 2095.50. 

Every minute without recovering from a post-open dip became increasingly vulnerable to extending back down under yesterday”s highs. In fact, the 2098.25 bias-up signal didn”t trigger, and 2091.50 has been touched. Reacting up to 2096.25 is still under yesterday”s highs.

An offsetting test of the 2088.00 bias-down signal is in-play. The 2104.00 bias-up target was attacked to within 2 ticks but not touched, so an offsetting test of the bias-down target is not required.

The no-bias has produced fresh lows since triggering at 10:15. So, the 2088.00 consequence will become “unfinished business below” if not met before the bias environment begins lapsing at 11:30. 

Regardless of the failed attempt at new highs, this morning”s pullback remains unlikely to become a bigger downleg.