Category: Post-open

Not only has this week’s shaky-based rally bar tab come due but so has its accrued interest. Overnight’s drop back to last Fri’s lows hovered through the first half-hour then…
The renewed bias-down has seen less downside follow-through than Wed’s post-close GOOG reaction after probing fresh lows. The burden of proof remains on sellers. They did trigger renewed bias-down, but…

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The pre-open probe above Tue’s highs was timely enough to qualify as a “Too-late-to-break” setup. Regardless of how shallow, it did retrace to the overnight range’s 7760 equilibrium. That attraction…
The post-open reversal extended down out of the 1st-15 relentlessly until filling the gap back to Mon’s 7714 cash session close. The gap-fill combined with RSIs diverging positively, and price…
Without gapping up sufficiently through Mon’s 1st-15, the subsequent A.M. window rally becomes much less likely to be maintained, likelier to be retraced, and that much more vulnerable to reversing…
Lower and lower lows through Fri’s open never formed trending, and neither the 1-minute nor 3-minute RSI was oversold at the lows, which tested its 7648 objective to within 2…
Thu’s 1st-15 failed to reject the overnight drop to now target lower lows at 7678-7681 and lower to 7656/7648. A corrective bounce to 7708 is possible and could develop into…
7783 proved its relevance by attracting pre-open buyers to its resistance and then collapsing through Wed’s open. Its drop extended to 7753, which proved its relevance by recovering the collapse…