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Category: Post-open

Post-open REVIEW
Even exiting Fri’s 1st-15 above Globex highs didn’t prevent backtesting the Globex open range down to 7479. That was too late to even invoke the grace period, and it was…
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Post-open REVIEW
Live by the headline, die by the headline. Wash, rinse, repeat… More like a game of spin the bottle then musical chairs, the last spin was down with the pre-open…
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Post-open REVIEW
We were about to add overnight’s rally to the growing list of ineffectual optimism. Its retracement up to Tue’s 7415 high was not only failing through Wed’s open, but about…
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Post-open REVIEW
Now it’s confirmed that Mon’s final hour bounce was no more than a temporary headline reaction detour from what was otherwise on the verge of a break to fresh lows….
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Post-open REVIEW
A 2-way market trends convincingly in one direction, and then reverses equally convincingly in the opposite direction. We saw that overnight, and now also intraday. Separately, relevant levels are being…
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Post-open REVIEW
One template for an early bottom was to retest overnight lows to 7431 and then to bounce through Fri’s 1st-15. The target was met, and it produced a bounce into…
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Post-open REVIEW
Overnight’s multiple probes above intraday highs had finally stopped backtesting 7473. Now higher highs since the first half hour have stopped backtesting Wed’s 7484 high. The first available pullback limit…
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Post-open REVIEW
Overnight’s test of all prior resistance it was already gravitating back down into PPI’s negative knee-jerk reaction, which the intraday crowd felt compelled to extend even deeper. The door back…
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Post-open REVIEW
Greeting CPI back down at Mon’s pre-open critical 7403 support enabled a bounce but, only temporarily. The renewed bias-down suggested selling buy signals, which immediately rejected 7405’s inflection to sharply…
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