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Post-open review… Stop me if you’ve heard this one. – If, Then… Market Timing

Post-open review… Stop me if you’ve heard this one.

Complete post-open recovery of Sunday night”s plunge.

The overnight recovery up to 2059.25 was retraced pre-open down to 2048.75. Bouncing through the open reacted down initially to 2049.25, but recovered 2053.25 through the opening 15 minutes of volatility to make the 2058.25 bias-down signal unlikely to trigger.

In fact, 2062.50 was being tested at 10:15, triggering no-bias. Rejecting tests of both bias-down parameters — including the 2050.50 bias-down target — put into play offsetting tests of both bias-up parameters, 2066.00 and 2072.25.

That can be invalidated. It”s too late to trigger, but back under the 2058.25 bias-down signal at 10:30 would negate whatever was signaled by recovering it through 10:15. That door remains open since the pre-open and post-open dips did stop optimistically short of their prior support. Exceeding the 2062.50 high made before 10:15 would undermine sellers.