Post-open Review… Picking off buyers.

One bullish setup busts, another still tries.

Pre-open action had extended the overnight rally to attack 2690.00. The open’s surge probed it by 3 ticks and then reversed down sharply 5 points. The opening 15 minutes of volatility went out attacking yesterday afternoon’s 2688.25 high.

The session-long rally setup did not complete. It wasn’t decisively rejected, but pretty close. So there is potential for as bearish a consequence as it could have been bullish. Back under 2685.50 would start to signal a retest and probe of yesterday’s lows underway.

Meanwhile, the 2687.25 bias-up signal was still being overlapped within 3 minutes of the 10:15 bias timing window, invoking the grace period. Triggering it late at 10:30, or overlapping it then to trigger noN-bias, could still probe higher. Back above 2688.75 would start to signal a bigger bounce underway.

Regardless, trending doesn’t seem of interest. At least, not this morning. I would view skeptically any updraft or downdraft upon it meeting resistance or support.