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Post-open Review… Recovery trying to come to a boil. – If, Then… Market Timing

Post-open Review… Recovery trying to come to a boil.

Correcting the open’s rally.

Another pre-open dip greeted the open at 2336.75. Another bounce soon began. Exceeding 2339.00 suggested more than a correction underway. Filling the gap back to yesterday’s 2345.00 close was likely.

2345.00 was attacked to within 2-3 ticks. Which, apparently, was enough to neutralize its attraction. The reaction down extended to test the 2337.75 bias-down signal as support.

No-bias had triggered already. Cleanly at 10:15. Overlapping the bias-down signal it at 10:30 doesn’t qualify for invalidating what was already triggered cleanly at 10:15. An offsetting test of the 2347.25 bias-up signal is in-play.

Back above 2341.00 would signal the next recovery leg underway. Otherwise, The bias can now be invalidated by exiting the bias environment under the 2332.50 bias-down target.