Post-open Review… Not going down without a(nother) fight.

What overnight crash?

Opening at 2118.25 surged within 3 minutes to test our first objective at the 2134.50 “higher prior lows.” Reacting down came within 1 tick of its 2121.25 target before bouncing again. The 2140.75 bias-up signal’s test sent price back down again, this time to within 1 tick of the 2125.25 bias-down target.

Along the way down, the 2130.50 bias-down target was overlapped for long enough to invoke the grace period. After dipping to within 1 tick of the bias-down target, a bounce retested the bias-down signal at 10:30. This triggered a noN-bias.

noN-bias. Not bias-down, whose target was met to within 1 tick, anyway. Not no-bias, whose offsetting bias signal was already tested, anyway. But noN-bias.

Now the bias environment is lapsing. The higher prior lows are being probed to the next objective, retesting the 2152.50 overnight high up to 2153.75. Knowing the overnight low requires a retest — “new Globex trend extreme,” limit down — this seems like nothing more than a post-Brexit buying blindly strategy. That doesn’t sound rash, at all…

1-minute and 3-minute RSIs are simultaneously overbought into the highs. Reacting down would be required to recover. Meanwhile, the overnight high’s retest could attack 2160.00.