Post-open Review… And one to grow on.

Next lower TWO targets met.

Market Tour had just finished noting there was nothing bullish about the 3-hour 2673.00-2681.50 range, when the drop resumed. Extending down to 2650.50 pre-open fulfilled the decline’s next lower target at 2654.00.  The low printed at 10:15.

A post-open bounce up to 2661.50 resolved down sharply to 2633.75. And that fulfilled the decline’s next lower target at 2635.00. Reacting up targeted 2658.00, the room for noise in retracing the last downleg. Even that has extended higher to 2668.50.

The decline’s next two lower targets met, not only during the same session, but during the same window.

Closing back above a relevant level would suggest a durable bottom is forming. Two candidates are 2678.00 and 2688.00. But there’s no requirement for a bottom, let alone a recovery, especially if 2654.00 fails to hold a retest as support.