Post-open Review… One down. (A correction, and Bitcoin comments.)

Immediate drop from bias-up signal’s resistance.

Pre-open hovering at or around this morning’s 2688.25 bias-up signal greeted the open with a blip-up to 2689.00. Its immediate reaction down fell to 2686.00, and then lower to 2683.50.

The likelihood for resolving down had suggested an initial short, with a stop (or stop-and-reverse to long) above 2689.50. Breaking under 2686.00 signaled momentum reversing down. And now no-bias has triggered. Holding a test of the bias-up signal has put into play an offsetting test of the 2681.50 bias-down signal.

If tested during the bias environment, then 2681.50 should define the window’s lower-end. That doesn’t preclude it from being probed, perhaps down to the 2679.00 or 2675.50 unfinished business below. Back above 2686.75 would start to signal momentum reversing back up.

CORRECTION: I’ve been referring to an early close for tomorrow, based on SIFMA’s recommendation. But the exchanges are open through regular trading hours. Then, similar to the Christmas weekend break, Globex does not re-open until Monday at 6:00 PM ET.

Meanwhile, we had an interesting review of several Cryptocurrencies. Bitcoin, of course, and Etherium. But also Litecoin, Ripple and Iota. I will be updating the blog before Tuesday to discuss any relevant price action among them.