Post-open Review… Tried, tried again.

Post-open bounce shallower than overnight surge.

We got an extra probe above Friday’s highs, but nothing to invalidate that a multi-session downleg may be launching today.

Opening at this morning’s 2253.25 bias-down signal fluctuated there through the opening 15 minutes of volatility. That created congestion which was likely to be retested, whether only temporarily or on the way to reversing in the opposite direction.

Although probing above Friday’s highs had been isolated to the overnight, price broke higher anyway. It retraced 61.8% of the overnight retracement back up to 2259.00. Reacting down sharply again isolated the post-open break higher to between the 9:45 opening and the 10:15 bias timing window.

Reacting down sharply tested the open’s congestion, but only attacked the  2253.25 bias-down signal to within 1 tick. Breaking it 1 minute later was too late to invoke the grace period. Regardless, probing fresh lows through 10:30 has invalidated the no-bias.

Not a late bias-down, not a noB-bias, but invalidated bias. The parameters can still influence price if tested, but their tests aren’t required, and their tests aren’t required to resolve in any specific way. Exiting the bias environment above Friday’s high would target new highs.