Category: Post-open

It’s difficult to justify buying the headline reactions surge while attacking overnight highs to within 2-5 points. Especially after an earlier recovery was poised at the 7421 bias-up signal in…
A session-long rally setup never formed intraday when it mattered so couldn’t even be triggered or rejected. The bullish Globex-flip triggered easily but might only be rewarded with either holding…
Exiting Wed’s 1st-15 above 7344-7348 avoided triggering the 7358 bias-down signal. And it also put into play an offsetting test of the 7408 bias-up signal, which is above Tue’s afternoon…
The market’s action is telling us that something significant is coming around the corner. Multiple bullish setups had not only formed but also triggered. Price reversed down in time to…
Including the last-minute pre-open push up to 7472, a lot of room was created to expend selling pressure just to backtest the 7433 bias-up signal. The second half hour thoroughly…
In fact, both the knee-jerk and ultimate reactions to Fri’s Employment Situation report were down. Not much initially — pre-open lows finally probed pre-midnight lows, but the decline’s pace accelerated…
Thu’s 1st-15 exit held 7558-7560 to prevent next targeting 7515, then 7460. A long entry is currently attractively priced around 7561-7563, with the late synthetic bias-up targeting at least 7587….
Exiting Wed’s 1st-15 under Tue’s 7614-7615 last relative low would signal sellers influence on the A.M. bias window. Wed’s open was greeted even lower, and its 1st-15 backtested 7614-7615 before…
Unless sellers had gained traction through Tuesday’s open, a retest of Monday’s 7632 high remains likely. Already testing the 7622 bias-up signal — which wasn’t required — is likely to…