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Post-open Review… Opportunity knocked. – If, Then… Market Timing

Post-open Review… Opportunity knocked.

Several setups suggested selling’s subsided. One wouldn’t.

I’ve seen bigger paradigm shifts, but this one was still obvious. Overnight probing 5 points under yesterday’s low down to 2359.50 was recovered to greet the open 5 points into positive territory at 2370.00.

Extending 3 points higher to 2373.00 was retraced to 2367.50. Holding a test of the 2370.75 bias-up signal triggered no-bias, and put into play an offsetting test of the 2363.75 bias-down signal.

The no-bias signal can be rejected, without yet probing under the pre-10:15 low. One setup would recover the 2370.75 bias-up signal through 10:30. Another setup would recover the open’s 2373.00 highs upon exiting the bias environment at 11:30-noon. I’m monitoring for either based on these earlier setups:

Maintaining the gap up isolated the probe under yesterday’s lows, especially having touched the next lower objective of a multi-session decline, which likely reverses the trend back up.

The overnight low’s Symmetrical Triangle could have attracted price back down for its first break being false, but it had no influence during the opening 15 minutes.

Recovering 2372.00 through 9:45 would have made bias-up likelier to trigger. Its test wasn’t rejected by then. If the bullish setups I describe above don’t allow rejecting the no-bias, they could still help to absorb and recover from fulfilling the downside objective.