Post-open Review… Another brick laid in the launchpad?

Recovering the post-open drop would have consequences.

Another pre-open dip having attacked the Payrolls’ 2082.00 low. The open was greeted back above 2088.00. Its recovery extended to 2096.25.

RSIs improved throughout, so it was surprising not have extended higher. But the 2095.00 pullback limit was violated and the 2091.00 sell signal was triggered, on the way to sharply lower lows at 2077.50.

This renewed the bias-down signal by breaking under the 2085.50 bias-down target through 10:15. The renewed bias-down target was met already at 2079.00.

Renewing the bias-down made lower lows likely to test the 2070.00 area. But a bounce is already testing the 2091.50 bias-down signal as resistance. Exiting the bias environment above it would marginalize sellers for the day. And probably for a lot longer, ultimately being yet another failed probe under 2088.00.

Exiting the bias environment back under its 2085.50 bias-down target would not reject the bias-down. Sellers would not be marginalized. And the 2070.00 area would remain in-play.