Post-open Review… It’s already on.

Pre-open pullback extends lower post-open.

How was the open going to resolve its test of Wednesday’s 2435.50 close? Its test was indicated during the Market Tour. But it never got the opportunity to fill the gap. Instead, the earlier 2429.75 overnight low was retested as support. And the open slid easily through it.

Reversing back through one overnight extreme isn’t a reversal signal. Not alone. Not without first having extended the prior day’s trend. That defines this morning’s open, which has extended down sharply to 2421.25.

The 2425.25 bias-down signal triggered late, putting into play its 2418.75 bias-down target. RSIs are making higher lows — albeit higher oversold lows — so an interim bounce can’t be discounted. But momentum remains down so long as 2426.25 isn’t recovered. Back above 2428.00 would start to signal a bigger bounce.