Post-open review… Stopped digging?

Now, about actually getting out of the hole…

The market may have stopped digging itself a deeper hole by triggering no-bias. The 9:45 preliminary recovery above 2072.25-2073.00 made the 2070.00 bias-down signal unlikely to trigger at 10:15. And it did not.

More so, 2070.00 was tested post-open. So, having held a test of the bias-down signal, an offsetting test of the 2080.50 bias-up signal is in-play.

Recovering 2080.50 remains the critical difference between no longer digging a hole, and actually exiting it. Exiting the hole, by the way, before tomorrow”s Employment Situation report floods it with more sellers.

Timing is critical, since this afternoon”s price action could become paralyzed by anxiousness ahead of tomorrow”s report. So, extending well above 2080.50 through the noon hour would be helpful to allow room for sellers without damaging the chart.

Meanwhile, back under 2070.00 would start to signal the shovel”s are back at work.