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Post-open Review… The tryptophan lingers. – If, Then… Market Timing

Post-open Review… The tryptophan lingers.

Very narrow opening range.

The fluctuated narrowly around 2205.50 through 9:45 to avoid any preliminary signal. The 2204.25 bias-up signal was no more or less likely to trigger at 10:15.

It triggered.

Price meanwhile improved up to 2207.75, which neutralizes all “new Globex trend extremes.” Only the 2220.00 target remains outstanding, which triggered Monday above 2192.00.

Unfortunately, there’s no assurance of extending this morning, or of drifting back down. The open lacked volatility, not even attempting to trend by 9:45, let alone succeeding or being rejected.

The upside still gets a benefit of the doubt since bias-up triggered. Its 2209.50 bias-up target need not be met today. Back under 2205.00 would start becoming attracted back down to 2192.00.