Post-open Review… A late move succeeds.

After avoiding it all night, support breaks through the open.

Overnight lows repeatedly stopped short of touching or breaking under yesterday afternoon’s 2799.50 bias environment low. Probing under it post-open wasn’t required. But probing under it post-open could form a session-long decline, since Wednesday’s close had trended up.

More so, a bearish WedEX could form by proxy, since yesterday was essentially an Inside Day.

The open did slide back under yesterday afternoon’s low, and not by a little, down to 2792.00. Its reaction attacked 2802.00, which is also resistance at this morning’s 2801.50 bias-down target. The bounce failed, and fresh lows have attacked 2791.00.

So, this is a session-long decline, with each timing window but one likely to probe its prior timing window’s low. WedEX has triggered bearish by proxy. And it’s a renewed bias-down environment.

Back above 2800.75 could extend into a corrective bounce up to 2806.00. It’s being probed now. Bounces are otherwise likely to fail, inflection points are likely to react down, and support tests are likely to fail. Back under 2798.00 would signal the decline had resumed.