Post-open Review… Treading water.

Clinging to the bias-up target.

The overnight rally ultimately touched 2741.50. That’s essentially the 2740.75 renewed bias-up target. But the bias-up signal wasn’t renewed, instead holding at or under the 2735.50 bias-up target through 10:15. The 2730.50 bias-up signal did trigger, so it should define the window’s lower-end if tested…

…on a normal day. Which today is not, being an early close.

So, back above 2736.75 could attack or retest the overnight high, possibly even test the range’s ~2745.00 upper-end. Breaking above it continues to be less likely than simply ranging sideways, as this morning seems intent upon.

Exiting the bias environment under 2730.50 could still extend down. Breaking at any time under 2730.50 could still extend — again, not a normal day. But rallying is less likely.