Post-open review… A deeper detour, or else.

Post-open bounce fails to fresh lows.

The pre-open bounce from retesting the precise 2115.25 overnight low could have avoided fresh lows. But only by quickly recovering 2118.00 and extending higher.

2118.00 was recovered almost immediately, and probed up to 2120.25. Then 2118.00 was probed as support, and its recovery avoided a fresh high.

The initial surge justified ignoring sell signals. The second surge”s limit required looking at sell signals.

And a sell signal triggered quickly, probing under 2117.50. That”s the bias-down signal, and its break fell quickly to touch its 2112.00 bias-down target. Although the bias-down target held through 10:15, fresh lows have attacked 2110.00.

Despite not renewing the bias-down signal, this still is a bias-down environment which can extend lower. Meanwhile, bounces must hold tests of the 2117.50 bias-down target, but it could be probed by a couple of points.. Back above 2114.00 (being tested now) would suggest a bounce is underway.

Not already exiting the bias environment at 11:30 in recovery mode would make a probe under Tuesday”s low likely.