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Post-open Review… Not without a fight. – If, Then… Market Timing

Post-open Review… Not without a fight.

Pre-open and post-open lows bouncing.

The overnight dip had touched the 2350.00 bias-down signal. Its pre-open bounce up to 2353.25 was retraced, and then extended post-open down to 2348.75. But this morning’s template for trending down has since been ignored.

Instead, a bigger bounce touched 2355.00 as the first half-hour lapsed. Consolidating there for awhile around yesterday’s 2354.50 cash session close has now broken to fresh highs attacking the 2358.00 bias-up signal within 1 tick.

3 ticks would be close enough to fulfill the requirement to test 2358.00. Its test was put into play by holding the bias-down signal’s test. It won’t become unfinished business above if not actually touched this morning.

Back under 2353.50 would start to signal the post-open recovery is failing. Dipping to fresh session lows would still be possible. Otherwise, there’s room up to yesterday’s 2360.50 high before suggesting that the rally is extending, regardless of no-bias trending restraints.