Post-open Review… Shaken, not stirred.

Unchanged, after overnight and opening dips.

Last night’s dip to test the 2433.50 bias-down signal had reacted up to a fresh post-open high at 2437.50. The open was greeted a little weaker, and a little more weakness touched 2433.50. It held. More than holding, “no-bias” triggered at 10:15, after bouncing already up to 2439.00.

Having held a test of the bias-down signal, an offsetting test of the 2440.00 bias-up signal is in-play. It should define the morning range’s upper-end if tested during the no-bias environment. Recovering it through 10:30 would invalidate no-bias and be free to trend higher. I would caution against fading a premature break higher, because such things can get carried away at the highs. I might even consider being exposed to the potential for whipsaw by buying it.

Otherwise, trending higher today would be more reliably durable if begun after the bias environment had begun to lapse. Having said that, still not extending higher by noon would be vulnerable to launching a multi-session corrective drop.