Post-open Review… Settling down.

Upside objective met, rejected.

Opening unchanged within a relatively narrow range doesn’t offer any attractive entry parameters. Today was helped by knowing there was “unfinished business” above at yesterday’s 2884.75 open, which had gapped above all prior highs in a trend. And overnight volatility still suggested post-open price action would be choppy.

Narrow ranging into the open nevertheless soon surged up to 2885.75, neutralizing 2884.75 in the process. Neutralizing it, and holding it. The 2881.75 bias-up signal was touched in time to invoke the grace period, and then failed to trigger.

An offsetting test of the 2872.50 bias-down signal is in-play attacked so far down to 2875.00. Holding its test this morning would suggest that sellers are done, so the balance of the session can range choppily sideways ahead of tomorrow’s Employment Situation report. Leaving its test outstanding could maintain downside momentum into the noon hour.