Post-open Review… Try, try again, and again.

Post-open surge reverses down, to a degree.

Recovering pre-open back to yesterday’s 2009.50 futures close had already made the open less predictable. Its surge to 2012.50, if maintained through the opening 15 minutes, would have made the 2010.00 bias-up signal likely to trigger. But 2012.50 was being retested at 9:45 to avoid offering any predictability.

Holding a test of the 2010.00 bias-up signal through 10:15 put into play an offsetting test of the 1999.00 bias-down signal. Finally, predictability! Then it was met, neutralizing its attraction.

Price suddenly reacted up sharply and substantially. Like yesterday’s late surge, no accumulation preceded it. And like yesterday’s late surge, it peaked upon testing 2009.50. So far.

This is still a no-bias environment, and 2010.00 is still this morning’s bias-up signal. Probing any higher would still be “no-bias trending” much before  the bias environment begins lapsing at 11:30. Waiting patiently to probe above 2011.50 would be credible for extending the recovery.

Back under 2005.50 would start to signal this morning’s ranging was going to resolve down, probably targeting a probe under yesterday’s lows.