Back to square-two.

Post-open drop retraced, but not the pre-open drop. Not yet.

This morning”s noN-bias environment is now lapsing. The post-open 2111.75 opening high is being retested. Entering the noon hour above 2112.75 would confirm the post-open drop had been absorbed fully.

Recall that the post-open drop was just a duplication of the pre-open drop. And since the pre-open drop wasn”t likely to become a durable downtrend, the post-open drop wasn”t likely to extend, either. 

So, recovering the post-open drop implies the pre-open drop will be recovered, too. That”s 2114.75. Extending any higher than that would target a retest of yesterday”s 2117.75 high, and higher.

2112.25 isn”t likely to fulfill buying pressure from this morning”s upswing. But until also recovering 2114.75, there is vulnerability to another downswing that retest”s the 2103.75 low”s oversold RSIs.