Post-open review

Probing the next lower target.

That answers that. Apparently, sellers WERE refueled by delaying the 2060.00 reversal target, the second portion of yesterday”s temporary bounce template. 

This morning”s bias-down target wasn”t even touched post-open, which renewed the bias-down signal at 10:15. The renewed bias-down target at 2056.00 was met already pre-open, but it has been retested post-open.

In fact, the renewed bias-down target was ALSO being probed at 10:15, renewing the bias-down signal again. That eventually gets to be less influential, being so far removed from the original pattern from which the bias parameters were derived.

But this is still a bias-down environment, now attacking 2051.00. And so long as momentum remains intact, the next lower objective in-play is. 2048.50-2048.75.