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Post-open Review… Post-open hovering. – If, Then… Market Timing

Post-open Review… Post-open hovering.

Overnight rally not attracting reinforcements.

Two overnight probes above this morning’s 2719.00 bias-up target had reacted down to attack and then test the 2711.00 bias-up signal. The grace period was invoked to give it one more chance at triggering, but fresh lows down to 2706.00 failed to trigger it.

Late no-bias has put into play an offsetting test of the 2704.50 bias-down signal.

Fresh lows through 10:15-10:30 reinforce the late signal, although the dip hasn’t yet extended lower since then. Back above 2712.00 would start to signal that reinforcements are being overwhelmed by a detour to fresh post-higher, perhaps up to 2719.00.

Meanwhile, 2708.00-2709.00 is trying to hold as support, or as a magnetic attraction. In either case, breaking lower to 2704.50 is still challenging 2708.00-2709.00.