Post-open review… A little more ballast than expected.

Post-open dip exceeds its objective before recovering.

The pre-open rally to 2096.00 needed to correct, even in the most bullish scenario. My 2091.50 objective was quickly met, and its test eventually blipped-up to 2094.75. But that was not enough to resume the recovery.

A dive tested the 2088.00-2090.00 range of support, and triggered the 2089.00 bias-down signal. At 10:15, the 2093.00 bias-down target was being attacked to within 3 ticks. That was quick. There was a reason for it being done quickly.

3 ticks is close enough to prevent the bias-down target from becoming “unfinished business below” if not met by 11:30. Having neutralized its target, just returning to 2089.00 by 10:30 all but invalidates the bias-down that it had signaled.

Recovering 2089.00 by 10:30 didn”t recover higher immediately. But then its recovery didn”t stop. The open”s 2096.00 high is being retested now..

Yet another substantial drop that fails to gain traction for its effort. New highs remain likely before any durable downleg can begin.