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Post-open Review… Trying to get unstuck. – If, Then… Market Timing

Post-open Review… Trying to get unstuck.

Choppy ranging around unchanged.

The gap back to Friday’s 2430.50 close is still being tested. It was tested so thoroughly yesterday that its support has been chipped away. So, hesitating here this morning cannot be due to that.  Either the morning doesn’t intend to trend, or else an attraction above must be tested before trending down.

3 of the first hour’s 5 15-minute checkpoints overlapped yesterday’s 2431.25 close. This suggests the morning hasn’t attracted sponsorship for trending. Not in either direction. Also, neither bias signal was touched.

Meanwhile, repeatedly probing an infection point at 2431.25 has failed to break each probe’s 3-4 minute low. This suggests the rubber band must be stretched before snapping back. In either direction.

Both can apply, but more so the latter. Especially now that the 2430.00-2434.00 opening range has broken higher to 2436.25.. The 2437.50 bias-up signal could be tested, and still be vulnerable if not also likely to resolving down.