Post-open Review… Already underway?

Post-open dip suggesting it’s a correction.

Pulling back from the 2388.75 overnight high greeted the open at the 2384.00 bias-up signal. The first half-hour ranged there, and down to 2382.00. Then it broke lower.

The 2377.75 overnight high was touched. Its reaction up seems obligatory, and temporary. Anyway, failing to trigger the 2384.00 bias-up signal has put into play an offsetting test of the 2376.00 bias-down signal.

Having probed already under the pre-10:15 low, 2376.00 will become “unfinished business below” if not met this morning. Its test need not define the pullback, especially with a bullish WedEX likely to rescue even a deeper drop.

The open’s persistent overlap created congestion that is likely to be retested, regardless of that test’s resolution. Recovering 2385.25 would leave unfinished business below, but could still probe fresh highs first. But the near-term trend has otherwise reversed back down.