Post-open Review… Pessimism again.

Opening recovery attempt fails..

Probing above the 1890.00 overnight highs pre-open had reacted down post-open to touch the 1887.50 bias-down signal. It reaction up probed fresh highs up to 1894.25.

And held.

The 1887.50 bias-down signal was probed in reaction to the 10:00 econ report. That extended sharply to test the 1881.00 bias-down target by 10:15.

And held.

This is a bias-down environment whose target has been met. Usually, that establishes the morning’s floor. But not renewing the bias-down by 10:15 doesn’t prevent probing under its target after 10:15. This is, after all, a bias-down environment.

Meanwhile, retesting 1881.00 has produced a bounce up to 1889.50. That’s above the 1887.50 bias-down signal, which should define the the bias environment’s upper-end, until approaching its 11:30 exit.