Post-open Review… Sleepwalking.

Overnight highs ignored by post-open action.

The pre-open reaction down from 2088.00 greeted the open back at yesterday morning’s 2084.50 high. Trending down to 2077.50 has triggered the 2080.50 bias-down signal, putting into play a test of the 2075.50 bias-down target.

All of which might be invalidated.

Recovering the 2080.50 bias-down signal through 10:30 would invalidate whatever was signaled at 10:15, since whatever was signaled at 10:15 hasn’t yet been any more productive than before 10:15.

In fact, a bounce is now testing 2080.50. Still overlapping 2080.50 at 10:30 would not qualify as invalidating it. Back under 2079.00 would signal the bounce had failed, and bias-down it is. And while its target is near, its recovery would not be required.