Post-open Review… Yesterday’s late range hangs on.

Early to bed, too late to rise.

Retesting the overnight low was supportive. Not just for being the overnight low, but also for being within 1 tick of this morning’s 2813.75 bias-down signal. The retest held, and the open was greeted at 2818.50.

Not a gap up. In fact, a gap down from yesterday’s 2821.00 close. And gapping up was necessary to resume the rally this morning.

Resuming the rally can be attempted this morning, but it would be doomed to failure. Actually, rallying through the open has neutralized the attraction back up to yesterday’s 2823.00 opening gap up. Probing it by 3 points didn’t prevent reversing down 6 points, triggering no-bias. An offsetting test of the 2813.75 bias-down signal is in-play.

Probing above the bias-up signal now would only be “no-bias trending.” And that would require being retraced, unless it were to extend above its 2829.50 bias-up target through the bias environment lapsing.