Post-open Review… Putting it off for later.

Resuming the rally immediately post-open would have been credible for extending higher throughout the morning. Backing-and filling to lower levels was unlikely to begin quickly. Ranging around the 1986.00 open barely managed an errant tick above 1987.25 before reversing down sharply.

The reversal down extended. And extended. Despite having probed it overnight by 16 points, this morning’s 19676.25 bias-up target was being tested as support at 10:15. The bias-up signal was not renewed. And now the 1968.50 bias-up signal is being tested as support by 1 point.

Yesterday’s gap up reacted down, too, but held well above the prior session’s range. This morning’s reaction down has tested yesterday’s highs. Can today’s reaction down still recover to probe the 1992.00 overnight high like yesterday? That’s still the premise, since yesterday’s buyers gained traction for their effort.

And now rewarding them this morning makes an afternoon reward likely. Exiting the bias environment under this morning’s 1968.50 bias-up signal would invalidate that reward.