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

Post-open Review… Turnabout.

Both bias parameters rejected, again.

No new sponsorship greeted the relentless overnight uptrend. That already had made reversing down likely. Then tests of both bias-up parameters — the 2886.75 bias-up target and then its 2881.50 bias-up signal — were rejected through 10:15. Like Friday morning’s rejection of both bias-down parameters, offsetting tests of both bias-down parameters is in-play at 2871.00 and 2864.75.

None of which is necessarily reliable for timing — one of Friday’s upside objectives wasn’t met until last night’s 2886.75 high, and retested this morning by a blip-up to 2888.25. So far, the reaction down has only touched 2878.00.

But the signal’s directional context suggests resolving down. That comports with the Market Tour discussion, which described how the session’s lower volume would make trending beyond the range more difficult than just bouncing around within it.

So, a retest of 2888.25 can’t be dismissed, more so back above 2883.50 (being touched now). Back under 2879.50 would signal the reaction down had resumed.