Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the disable-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/jwl23/public_html/rd.johnlander.me/wp-includes/functions.php on line 6131
Post-open Review… The ayes have it. – If, Then… Market Timing

Post-open Review… The ayes have it.

Post-open weakness absorbed.

The 2849.75 open immediately bounced to within 4 ticks of the 2853.00 overnight high, and another bounce came within 3 ticks. Just coming to within 3 ticks would suffice for neutralizing the attraction to calculable and RSI objectives, and 4 ticks for retesting a new high.

The preference for a “new Globex trend extreme” is to actually touch it intraday, but that wouldn’t have prevented sellers from gaining traction. They tried. A sell signal under 2847.00 was probed, but never by at least 4 ticks. And the 2847.75 bias-up target was retested several times as support, but it held through 10:15 to renew the bias-up signal.

So, bias-up is renewed, next targeting 2853.50 and potentially 2857.00. A break maintained back under 2847.00 could test the 2841.75 bias-up signal as support during the bias-up environment without reversing the trend down.