Post-open Review… Rubber and glue.

Choppy ranging around unchanged.

Nothing about the session pre-open had suggested trending about to begin. Plenty had suggested trending wouldn’t succeed if attempted. So, trending to either end of the range was likely to react back to its other end.

First trying to trend down would be likely to bounce from “lower prior highs” at 2003.50. The open’s dip to 2003.00 snapped back up to test Friday’s late 2008.25 high up to 2008.75. Those prior highs held, and “unchanged” at 2005.00-2006.00 attracted price right back down.

An unpredictable swing has developed since then, albeit predictably within the range. Neither of the 2001.00 or 2011.00 bias signals has been touched, so there is no requirement for an offsetting test of the other.

A fresh post-open low is now attacking the overnight lows, which are within 3 ticks of the 2001.00 bias-down signal. Breaking under it through 10:30 would invalidate that it had held through 10:15. Otherwise, this should be another end of the extreme, getting ready to bounce to (or through) the other end.