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Post-open Review… One more thing. – If, Then… Market Timing

Post-open Review… One more thing.

Opening bobble holds, triggers bias-up.

Narrowly consolidating the overnight rally extended for several hours into the open. Until the open. Suddenly, price blipped-up to test 2342.50. That was essentially the first half-minute. The balance of the first half-hour then trended down to test 2337.75.

Spiking up in reaction to 10:00’s econ report eventually extended up to 2344.50. Bias-up triggered, and its 2345.50 target is in-play.

A pullback now underway to 2340.00 could recover. Any recovery that prints just 1 tick higher will neutralize the target by coming to within 3 ticks of it. Otherwise, back under 2338.50 would start to signal the corrective bounce had failed already.