Post-open review… Proof barely positive

Yesterday”s late drop retraced entirely. For a moment. 

Opening at 2070.50 was quickly bought up to consolidate 1 tick above the 2066.75 preliminary indication at 9:45, making the 2075.00 bias-up signal likely to trigger at 10:15.

Which it did.

It also to within 3 ticks of the 2081.00 bias-up target, at least retracing all of yesterday”s last-hour drop. That did react back down to within 1 tick of 2075.00, but bias-up wasn”t rejected through 10:30 which would have invalidated its 10:15 state.

Now, the only way to invalidate the 10:15 signal is to exit the bias environment at 11:30 under the open”s 2070.50 low. But there”s no way that could possib… wait, what?

A buy signal at 2077.50 was touched, but not pierced, just when another downleg began (presumably triggered by the EIA report). It tumbled to 2066.50. Being a knee-jerk reaction to news, its oversold RSIs don”t require a retest. 

In fact, its reaction is now attacking 2073.00. That”s won”t be deep enough to invalidate the 2075.00 bias-up at 11:30. But already recovering 2075.00 and 2077.50 by then would be optimal.