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Post-open Review… Which is square-one? – If, Then… Market Timing

Post-open Review… Which is square-one?

Rallying out of the open. And, then, not.

The overnight pullback had been consolidating around this morning’s 2077.25 bias-down signal. The open printed it and began extending higher. Ultimately the 2084.50 bias-up signal was touched.

And held.

The no-bias signal put into play an offsetting test of the opposite bias signal. But both bias signals have been tested already. So, no offsetting test is required. So, the no-bias environment should at least be defined by either bias signal if tested.

The range can be invalidated in the next several minutes. Exceeding either bias signal through 10:30 would invalidate whatever was signaled by not yet exceeding it at 10:15. The reaction down from 2084.50 has dropped to 2078.25, and extending under the 2077.25 bias-down signal at 10:30 would invalidate no-bias.