Post-open Review… Still conditioning early buyers?

The least likely scenario is playing out.

Gapping up above 1938.00 tried extending higher. For awhile. But bounces to 1942.00-1943.00 kept overlapping 1938.00. Stretching the rubber back down to the 1933.50 bias-up signal’s support helped. But only momentarily — bouncing to 1938.00 held as resistance.

Eventually triggering late no-bias, after testing both bias-up parameters, has put into play offsetting tests of both bias-down parameters. The 1926.50 bias-down signal has been tested down to 1923.00.

The 1921.50 bias-down target remains in-play. I’m skeptical.

1921.50 requires probing negative territory. That’s not likely after the gap up from yesterday upside traction didn’t invert by 9:45. Anyway, a late bias signal is less reliable than a timely signal.

Exiting the bias environment above 1933.50 — and preferably also above 1938.00-1938.99 would be likely to trend higher through the afternoon. Exiting the bias environment under 1921.50 would be credible for extending down, anyway.