Post-open Review… Stickiness.
Flat-to-lower open trades lower-to-flat.
The overnight slide had extended down to 2344.50 before bouncing into the 2348.00 open. And through it, up to 2349.75. That tested the bias-up signal by 3 ticks, which held through 10:15 to trigger no-bias.
An offsetting test of the 2342.00 bias-down signal was attacked to within 3 ticks or less. It won’t become “unfinished business below” if left outstanding. Yesterday afternoon’s 2342.25 bias-up signal was also retraced to within 3 ticks, neutralizing its required retest.
Selling done? Possibly, but that wouldn’t default back to rally mode. This IS a no-bias environment. In fact, bouncing up to 2347.75 is reacting down sharply back to new session lows.
Meanwhile, nothing has changed about the timing, which enables a deeper retracement before even consolidating. But now the 2342.25 bias-down signal should define the window’s lower-end, at least to not let a break stray too deep.
