Post-open review… Perfectly predictable, unfortunately.
As suspected, this morning doesn”t want to trend.
The 2095.50 bias-down signal was still being overlapped within 3 minutes of the 10:15 bias timing window to invoke the grace period through 10:30. It was recovered through then to trigger “late no-bias” instead of a clean no-bias.
An offsetting test of its 2103.00 bias-up signal is in-play, but more as a strong suggestion than as a requirement. As we discussed during the Market Tour, placement and price action already suggested this morning doesn”t want to trend.
The open”s choppy ranging confirms the pre-open expectation not to expect anything specific this morning. In fact, despite surging to 2099.25 resistance after invoking the grace period, 2095.50 was just retested.
I”m a little reluctant to label it as a “dry cleaners morning.” i.e. perhaps spent more productively running errands. Tests of one end of the range are likely to reverse back to the other end. But signals have not yet been probed beyond their first 3 minutes, which just adds to the unpredictability.
