Post-open Review… Slow-motion.

Little effort expended during narrow, encompassed opening range.

The relatively narrow overnight range was more noise than it was a pattern. A downtrending resistance of its highs was probed at 2779.00 just before the open, but no inflection developed. The opening 15 minutes of volatility only fluctuated narrowly between 2779.00-2781.50.

A blip-down to 2777.75 has reacted back up choppily to end the first hour attacking 2784.50. Still, neither bias signal was touched, not even attacked. So, neither bias signal requires being tested.

Perhaps the 2786.00 bias-up signal will be met, or attacked. That would be in-line with the 3-4 point trending attempts that I warned in the chaRTroom not to expect more of — if even relying on that much. Stretching the rubber band upward this morning might allow a more substantial snap back down, albeit still no likelier to leave yesterday’s range. Breaking higher would target a retest of yesterday’s 2787.50 high.