Post-open Review… Trying to trend, but not.

Bias-up tested, held.

Having touched both bias signals overnight, this morning was likely to retest one — whether, or not, actually triggering its bias. So, being precluded from signaling inertia, consolidating around the 2601.75 open wasn’t likely to hold still. And it didn’t.

Surging before the opening 15 minutes lapsed was extended to a new high at 2605.50. Its 3-point reaction down to 2602.50 avoided triggering the 2604.50 bias-up signal. This is a no-bias environment. A test of its 2596.50 bias-down signal is in-play. That’s also last night’s low, for which there’s no bullish reason to retest.

Meanwhile, contrary signals are in-play. The bias parameter’s downside attraction may have to wait in line for a buy signal above 2603.25 that the open had triggered. Its pullback limit isn’t yet violated, despite having been probed 30 minutes earlier.

It’s too late to invalidate the no-bias by 10:30. Fresh highs would be “no-bias trending,” and doomed to failure. At least, required to retrace the 2604.50 bias-up signal. But back under 2602.25 would be entirely credible for the no-bias signal’s downside being fulfilled.