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Post-open Review… Tripping up. – If, Then… Market Timing

Post-open Review… Tripping up.

Finally extending, only to hold resistance.

Fresh highs attacking 2752.00 were retraced to attack 2744.00, and to greet the open at 2747.00. Flat-to-higher narrow ranging eventually eked out a surge up to 2752.50. More fresh highs, and an opportunity to trigger the 2751.00 bias-up signal.

Too little, too late? Well, too late, at least. The bias-up signal was still being overlapped at both 10:15 and 10:30 to trigger noN-bias. No bias objective requires a test, and no bias parameter is required to hold.

The setup could have extended higher anyway, which it tried. But already having backed-and-filled, we knew any more backing-and-filling was probably actually a reversal. Which it was.

Now the 2743.00-2747.00 range is being tested as support down to 2746.00. The range may yet hold, and launch an afternoon upleg — which we’d expect to be aggressive and substantial. Otherwise, extending back down under 2743.00 through a relevant timing window like the bias environment’s exit would next target 2736.00.