Post-open Review… Tempering the enthusiasm.

Pre-open surge steals post-open thunder.

The overnight slide from 2023.25 to 2007.25 had recovered to form a Rising Wedge. Any post-open strength from the pattern would have been credible to extend sharply higher.

But a pre-open surge to 2024.00 fulfilled the 2022.25 bias-up target and inhibited post-open sponsorship. Reacting down became likelier, and the open extended down to 2011.50.

Both bias-up parameters had been tested, and both almost rejected, except the grace period was invoked. Dropping to 2010.75 recovered the 2015.00 bias-up signal in time to trigger late. Its recovery has extended to 2019.25. Extending higher could reach 2027.00 just as noise around the open’s range.

Having already met the 2022.25 bias-up target, its retest isn’t required. Having triggered late bias-up, sellers aren’t marginalized. Back under the 2015.00 bias-up signal by 2-3 ticks would be credible for reversing momentum down. The window for retesting Friday’s 1991.00 low is rapidly shrinking.