Post-open review… The pattern persists.
The overnight range hasn”t ended. Its horizons have expanded, a little. Its 2093.00 upper-end wasn”t retested, but fresh lows have been ranging choppily around this morning”s 2086.50 bias-down signal.
2086.50 was still being tested at 10:15 to invoke the grace period. It was still being overlapped at 10:30 to trigger noN-bias. An offsetting test of the 2096.00 bias-up signal is NOT in-play, and neither is the 2081.25 bias-down target. Also, the 2086.50 bias-down signal need not define the range”s lower-end.
The setup isn”t optimal, but it”s also not necessarily bullish. RSIs aren”t oversold at today”s lows, so any improvement isn”t necessarily sponsored by strong hands. Gradually working lower is slightly likelier than recovering soon — although a temporary test of 2089.75 above can”t be discounted.
