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Post-open Review… Settling in. – If, Then… Market Timing

Post-open Review… Settling in.

Dry cleaners morning? Or, waiting for a shoe to drop.

Opening at 2179.00 surged to 2181.75. Its reaction down touched 2177.50 and bounced back up to 2181.75. A shallower dip recovered again to 2181.75.

That’s flat-to-higher from yesterday’s close. But it’s certainly not a gap up, so rallying this morning is unlikely.

Trying to rally is likely to fail.

Now this morning’s 2182.50 bias-up signal is being touched. This being a no-bias environment, probing any higher would likely fail. Backing-and-filling this morning was likely, anyway. It’s not required, but a pullback remains likelier than trending.