Post-open review… Switching horses midstream.

Has expiration jockeying run its course… for now?

Busy morning.

The pre-open Head & Shoulders reversal under 2061.00 was expected to become vulnerable to a bounce at 2055.25. Just touching 2055.25 produced a nearly immediate bounce that pierced the pre-open Head & Shoulders” 2064.50 high.

That was just a corrective bounce, and its reaction down triggered a sell signal under 2060.50 putting my 2050.50 objective into play. It was eventually probed by nearly 3 points down to 2047.75.

2047.75 was retested while 1-minute RSI diverged positively. Its reaction up triggered a buy signal above 2050.50 that quickly met its 2056.50 buy signal.

So, three parameters and 21 cumulative points. Does this market need a rest, or is it falling apart? Perhaps a little of both. Exiting this morning”s bias environment at 11:30 in rally mode could extend higher through tomorrow”s open before a bearish WedEX takes control. Otherwise, resuming the decline would next target 2035.00.

And absorbing an expiration opening at new lows would be a tremendous challenge for a recovery to overcome.