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Post-open review… Wait problems. – If, Then… Market Timing

Post-open review… Wait problems.

Late bias signal test reinforces its resistance.

Recovering from the fresh overnight low at 2084.25 up to 2092.00 was extended to 2093.75 through the open”s first several minutes. Its reaction down to 2088.00 was recovered entirely, but no higher before dipping back to 2090.25.

That”s a lot of swings, but its relatively narrow range doesn”t generate a lot of centrifugal force. A fresh high barely probed 1 point above 2093.75 before reacting down back down to 2091.50. The 2095.50 bias-up signal wasn”t touched in time to invoke the grace period, let alone trigger.

Another swing managed to pierce the bias-up signal by 3 ticks. Exceeding it at 10:30 would have invalidated whatever was signaled at 10:15. But it was still being overlapped. This is a no-bias environment.

So, the 2095.50 bias-up signal should define the range”s upper-end. Probing above it should be retraced, probably down to at least 2094.00 where no-bias was signaled. So long as 2093.00 isn”t broken to reverse momentum down, rallying after the bias environment lapses would still be credible.