Post-open Review… A post-open push.

Overnight lows probed into and out of the open.

Overnight bouncing from its 2379.25 low had touched the 2388.75 bias-down target as resistance. That immediately launched a reaction down to fresh lows at 2376.00 just before the open.

Bouncing 8 points through the open attacked 2384.00.  Almost any higher would have started reversing momentum up. Holding it would be likely to produce fresh lows. Which is how the first half-hour resolved, attacking 2372.00.

The next lower objective under 2375.00 has been the 2370.00 area, which was tested in the past several minutes. RSIs diverged positively, and the prior low was being overlapped by the same an hysterical extreme. Things could get worse, but a near-term pause for the market to catch its breath could allow the rubber band to snap back up from here.

An inflection up above 2374.50 would be credible for extending higher. Reversing up relentlessly is always unlikely, even less so here. But 2369.75 may need to be broken before suggesting this morning’s action will bleed into the afternoon.