Post-open Review… Another dip.

Taking a little long to recover.

The 2584.00 open was extended to 2577.00, where a bounce attacked the 2588.00 bias-down signal to within 2 ticks into the 10:15 timing window. Bias-down triggered, and its 2581.00 bias-down target has been retested down to 2577.50. RSIs avoided becoming oversold during both dips. There is no unfinished business below.

Already recovering to avoid triggering bias-down would have been bullish, putting into play offsetting tests of both bias-up parameters. Already recovering above yesterday’s 2585.00 last relative low would have been bullish to signal that sellers are weak-handed.

Although the bias-down target held to avoid renewing the bias-down, this is still a bias-down environment. Recovering back above its 2588.00 bias-down signal by noon could neutralize the bearishness of not having recovered 2585.00 through the open. Otherwise, extending the decline has room to test 2567.00 before a much deeper reversal can begin.