Post-open review… Almost a dry cleaners morning.

Rally out of overnight weakness is limited.

Overnight lows had held multiple touches of this morning”s 2073.75 bias-down signal. Pre-open firming was probing back above 2077. Post-open action rallied up to 2081.50, where a consolidation eventually broke higher to 2084.50.

That was just 3 ticks short of the overnight high, and it was a 61.8% retracement back to yesterday afternoon”s highs. Its resistance triggered a dip back down to 2080.50.

This opening action should serve generally as a template for the balance of the morning — perhaps even into the afternoon”s bias environment. In other words, sellers don”t retake control, but the upside is choppy and reluctant to extend very far before reacting down.

Assuming that scenario plays out, then late-afternoon would be postured to resume the rally in earnest, with no limitations. But dipping back down to 2077.00 this morning would suggest a growing vulnerability to trending back down this afternoon.