Post-open Review… A peculiar bearishness.

Probing fresh highs, albeit only temporarily.

The 2186.50 open was under Friday’s 2187.50 opening high, so the gap was contained within the range. That didn’t prevent extending higher to within 1 tick of the 2191.50 bias-up target.

1-minute RSI was diverging negatively again when 3-minute RSI finally left being persistently overbought, and price started diving. The 2195.00 bias-up signal was touched at the dive’s low, well after 10:15 and just before 10:30. So, this is  a bias-up environment.

The character of price action at the high suggests it will be retested in even the most bearish scenario. Presumably, its retest would at least touch 2192.00. That’s not necessary, and it’s even unlikely if 2195.00 is probed when the bias environment starts lapsing at 11:30.

The bearish WedEX’s influence is probably moot, unless the balance of the morning were to trend down through the overnight lows — which is unlikely, because that would be under the bias-up signal during a bias-up environment. But there remains a window for injecting a pullback before Thursday’s bullish seasonality, so I’m not expecting volatility to subside.