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Post-open Review… Stuck. – If, Then… Market Timing

Post-open Review… Stuck.

Friday’s highs holding.

Overnight highs were probed before the open up to 2370.50. A post-open surge touched 2372.00. That was half the requirement for rallying this morning. the other half was to maintain the surge, but it was quickly retraced to back under the overnight high.

Friday’s 2370.00 high ultimately held as resistance. This is  a no-bias environment. And since neither bias signal was touched, no offsetting test of the other bias signal is required.

Fresh post-open lows have tested 2367.00. The 2365.50 bias-down signal could be tested, or even probed so long as its test were ultimately to define the window’s lower-end. Breaking lower later would open the door to attacking or retesting Thursday’s 2351.00 low.

Bounces meanwhile should hold 2371.25. Exiting the bias environment above 2372.50 would be credible for extending higher this afternoon.