Post-open Review… Promises, promises.

Sliding sharply into and out of the open.

The overnight rally’s risk was that it had priced out buyers, while becoming attractive to sellers, which would point down. Actually, a greater risk was to retest the 2086.00 bias-up target post-open before reversing down.

But the reversal down greeted the market under 2082.00. Extending through the 2080.50 bias-up signal failed to trigger it. An offsetting test of the 2071.25 bias-down signal is in-play.

The bias-up target was not tested post-open, so an offsetting test of the 2065.50 bias-down target isn’t in-play. Not officially. Nor is yesterday morning’s 2062.75 outstanding bias-down target. But their tests are likely until signaled otherwise.