Post-open Review… Stubborn.

Still hovering under the overnight high.

The open was greeted in a narrow range around the 2527.50 bias-up signal. A post-open dip finally appeared. It came to within 3 ticks of the 2525.25 objective that would have been likely to hold and to reverse up. If done early enough.

Coming to within 3 ticks at 2526.00 proved sufficient to hold, and to recover. But so far, only to recover, back up to 2529.25. Reversing up is something else. And not at all assured.

I’m still reluctant to sell within the orbit of the overnight high. It’s a “new Globex trend extreme” that requires intraday retest.

But not triggering the 2527.50 bias-up signal has put into play an offsetting test of the 2520.25 bias-down signal. Back under 2525.25 would start to signal that leg is already underway. Otherwise, back above 2528.00 would suggest “no-bias trending” will retest the overnight high.