Post-open review… Air pocket change.

Opening plunge puts the burden of proof on buyers.

Fresh lows greeted the open at 2070.25, filling the gap back to last Tuesday”s cash session close. Having bounced already from Tuesday”s 2072.25 futures gap, there was no bullish reason to touch the lower gap.

That”s why just touching 2070.25 post-open could discover an air pocket… which it did.

Actually, isolating the touch of 2070.25to the opening 15 minutes of volatility could have been absorbed. But the open”s 7-point plunge was certainly an air pocket.

1-minute RSI diverged positively on a lower-low at 2062.75, launching a bounce to attack 2070.25 (now being probed). It”s not required, but extending the bounce could touch 2074.00 without assuring an actual recovery underway.

Meanwhile, back under 2065.50 would signal the decline had resumed, next targeting 2059.50.