Post-open Review… Over and out?

Early surge drops back.

Every timing window that mattered through the open was able to extend the per-open rally. Momentum did not falter until after entering  the bias environment at 10:15, and probing new highs up to 1991.25.

And then it faltered a lot. Triggered by the EIA report on Crude Oil, a 20-point reversal down is exiting the bias environment back within yesterday afternoon’s range.

It’s still positive territory, and it’s still above this morning’s bias-down signal. It may be too late for the bias environment to begin lapsing above a prior high, but entering the noon hour back above this morning’s 1976.00 bias-up signal would suggest a detour was ending.

Entering the noon hour under 1964.00 would suggest instead this isn’t a detour at all.