Post-open Review… Thin and angry.

No, that’s not a blind date. It’s today’s buyers.

The market drifted pessimistically lower into the pre-open Employment Situation report. The range’s 2623.00 lows had been probed to test this morning’s 2620.00 bias-down signal. The knee-jerk reaction blipped-up to 2629.50.

Then the blip-up was retraced entirely, and more. Fresh lows greeted the open at 2616.00 and blipped-down to attack 2612.00. Which was retraced entirely, too.

Trending straight up since then has continually peaked pessimistically short of projections. A 61.8% retracement of yesterday’s late afternoon and overnight ranges also reflected pessimism. All of which was “ineffectual pessimism” as there was no reaction down, and the pattern is resolving up anyway. Even now, the earlier ranges’ highs are inhibiting fresh post-open highs from extending above 2633.50.

No-bias has triggered, and having held a test of the 2620.00 bias-down signal, an offsetting test of the 2638.25 bias-up signal is in-play. Back under 2625.25 would start to signal a detour underway.