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Post-open Review… Not isolated, but rejected. – If, Then… Market Timing

Post-open Review… Not isolated, but rejected.

Post-open action at fresh highs fails to hold.

The 2183.00 overnight high is a new Globex trend extreme that requires being tested intraday. Often that is the same day, but not necessarily. That remains possible today because the open’s gap up above Friday’s prior highs to 2180.25-2181.25 was maintained through the opening 15 minutes of volatility.

That wasn’t maintained long enough to trigger the 2180.00 bias-up signal at 10:15. Instead, a dip on its way down to 2175.00 triggered a sell signal under 2176.25. An offsetting test of the 2171.00 bias-down signal is in-play.

This interim detour down can extend even deeper, and last even longer. But it is still only temporary.Meanwhile, back above 2178.50 would start to signal the overnight high’s retest is in-play. It’s being attacked now, and should be rejected immediately if it is going to be rejected at all.