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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.

Another open, another test of key resistance.

Narrow ranging down to 2384.25 was recovered back to the overnight high pre-open. Its test of 2388.00 was repeated, and slightly exceeded, before price receded — once again trending down sharply through the open.

The slide barely paused until touching this morning’s 2383.75 bias-down signal. It was retested in time to invoke the grace period despite being probed by 1 point while RSIs were simultaneously oversold. Still, it held in time to avoid triggering.

This is a late no-bias environment. An offsetting test of the 2391.00 bias-up signal is in-play, but less reliably. Back above 2385.00 would make that more reliable.

But meanwhile, back under 2282.75 would start to signal “no-bias trending” to probe fresh lows anyway. And there’s no bullish reason to revisit yesterday’s ~2381.00 lows. Their test would be very vulnerable to breaking lower, and extending to 2377.25.