Post-open review… So, can we rocket, now?
Fresh lows hold the bias-down signal”s support.
The pre-open drop from 2101.00 extended down through the open to 2090.50. That”s under the 2091.75 overnight low. It”s also under the 2092.50 bias-down signal.
And it was reversed back up into positive territory. Through 10:15.
This a no-bias environment. And having held a test of the bias-down signal, and offsetting test of the 2102.00 bias-up signal is in-play.
Bouncing that high at this stage would likely probe into yesterday”s range up to 2103.75. And that”s so near yesterday”s high — which was itself already a retest of Friday”s high — that probing any higher would put into play fresh highs.
Like, yesterday”s unfinished business outstanding at 2010.25.
I continue viewing this range as more vulnerable to probing fresh highs than to reversing the trend down. Meanwhile, it”s pretty important that 2096.00 continue to hold as support, recovering from inappropriately-timed tests under it.
