Post-open Review… The pattern persists.

Another surge and quick retracement.

Actually, this morning’s incarnation of the ongoing template was to gap up. The surge had happened already overnight. Initially dipping from there tested the 2026.25 bias-up signal as support, which  did recover to attack the open’s 2031.25 high.

Any higher would have marginalized sellers for the morning, if not for the day or even for the week. Reacting down instead went on to reject the 2026.25 bias-up signal. Triggering no-bias then put into play an offsetting test of the 2016.75 bias-down signal.

The 2016.75 objective was attacked to within 2 points before at least 1-minute RSI finally diverged positively. Its reaction up just tested 2024.00. Back under 2022.00 should resume the decline targeting 2016.75.

The bias-down signal’s test could be delayed for awhile. Exiting the bias environment at 11:30 back above this morning’s 2026.25 bias-up signal would make fresh session highs likelier first. Otherwise, 2016.75 remains in-play.