Category: Post-open

Pullbacks and pauses continue to be brief and/or shallow, interrupted by brief but productive surges. Extreme sentiment persists, without yet indicating sentiment has reached an extreme. Meanwhile, assuming it remains…
Overnight’s probe under 6815 and 6808 38.2% proxies met their 6802 counterpart. Just hovering down there into the open would have attracted intraday reinforcements to retest overnight lows and possibly…
The cleanly triggered no-bias was rejected by a matter of seconds and ticks above 6877 to invalidate an offsetting test of the 6850 bias-down signal. The rejection was a little…
Overnight sellers tried to reject Wed’s intraday recovery. It wasn’t a lack of proximity or attempt that they failed by proxy through Thu’s open. So, probing above Wed’s intraday highs…
Resistance at 6841 higher prior low was never encountered post-open before dipping deeper beyond Wed’s 1st-15. The renewed bias up window suggests that downtrending is sponsored by weak hands and…
The second half hour probed Thu’s 6587 P.M. bias window lows and reacted back above the window’s 6515-6518 upper-end. Exiting the A.M. bias window beyond either end of that range…
Wide post-open swings have made higher and higher highs and higher lows. The uptrending triggered bias-up, then swung down sharply again. Being weak-handed and countertrend, probes under the 6640 bias-up…
Now with the bias window lapsing, still consolidating around the 6608 A.M. bias-down signal, but above it. Not actually retracing 6608 isn’t a deal killer if the rally resumes –…
Extending higher through Wed’s A.M. window may have required plowing higher immediately. The alternative wasn’t necessarily to launch a corrective dip. An alternative to both seems to have been the…