Equilibriumed out.

Minimum downside objective met, and so far held.

The likelihood for extending down to at least 2093.50 was fulfilled. It was probed by 3 ticks. Twice, forming a close-quarters double bottom. That setup”s likely objective was a bounce to 2096.00, which was then thoroughly tested.

Now a retest of the close-quarters double bottom setup has reacted up again, testing 2098.50. That could be far enough removed from the low to launch another rally leg. The morning”s equilibrium lapses with the bias environment. The door is open to new highs.

Back under 2096.00 and 2094.25 would signal a deeper probe into negative territory, targeting 2088.00-2090.00. It”s not necessary, as the post-open decline will suffice as a convincing but failed trending attempt. But that door remains open, too, until the next rally leg has begun.