Bias-down means bias-down.

But the bias-down target is already met.

[pay] The overnight fresh high was further rejected before the open, which gapped down to the 1874.25 bias-down signal. That extended down immediately until touching the 1869.25 bias-down target.

1874.25 wasn’t recovered through 10:15, and it was barely being pierced at 10:30, so this is a bias-down environment. Whose target has been met. A buy signal would be credible, but I would give it a tight stop.

Sellers are credible, too. Perhaps more so. if we generously assume that buyers were in control of yesterday’s cash session close, then this morning’s gap down under yesterday afternoon’s 1874.25 low rejected them. That would form a “session-long decline” setup. And that would require bounces to fail, while each intraday timing window prints a fresh low.

Again, that’s if we’re generous to yesterday’s buyers, so we can consider them having been rejected at today’s open. Fresh lows would next target 1862.00 or 1860.00.

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