The path of most resistance.
Choppy morning ultimately recovers positive territory.
Yesterday afternoon”s rally had earned the reward of controlling this morning”s bias environment. “Controlling” seems like the wrong word, considering all of the post-open twists and turns.
But the open did immediately reverse the relentless overnight slide to 2057.75. Touching the 2059.50 bias-down signal reacted up permanently. And “unfinished business above” was left outstanding at 2067.25.
The bias environment began lapsing right after probing fresh post-open highs up to 2065.50. Entering the noon hour above yesterday”s 2066.00 high could trend higher through the noon hour if sellers are indeed marginalized.
There is no bearish pattern above 2061.00. Its break would be required before a sell signal could be identified.
