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Post-open Review… Try harder. – If, Then… Market Timing

Post-open Review… Try harder.

Surging straight up out of the open.

Narrow ranging persisted into the open. So, a post-open rally would likely be obvious with little delay if any. Several bars overlapping 2681.00-2687.00 soon resolved up to attack the 2707.00 bias-up signal to within 2-3 ticks.

A 61.8% retracement down to 2691.00 resolved up, too. Gradually at first, then surging again to touch 2716.25. Bias-up triggered at 10:15.

A dip overlapped the 2707.00 bias-up signal as support at 10:30, which doesn’t qualify for rejecting the decisively triggered signal. Its 2722.00 bias-up target is in-play.

Meanwhile, the dip has yet to recover, which would be signaled above 2709.00. Back under 2701.75 would start to signal a deeper pullback underway to 2690.00 or 2684.00. Any deeper would suggest a deeper drop underway, leaving unfinished business above.