Session-long… and longer?
The open”s session-long rally setup has been fulfilled.
How can I say that the “session-long rally” setup has been fulfilled already, when the session isn”t yet closed?
Because the setup has done everything it should do — each timing window but one (the noon hour) has probed above the prior timing window”s high.
Occasionally, now having probed above the afternoon bias environment”s high, the final hour becomes vulnerable to trending back down into the close. I don”t expect that today, since the latest probe was an aggressive 5-pont surge.
Meanwhile, many session-long rallies continue ticking higher into the final ticks. In other words, be very careful shorting — strength, or weakness — without a hard stop working.
