Post-open review… Avoiding inversion.

Trending down through the open has set the tone.

The late pre-open fresh highs at 2119.25 formed a Double Top that began reversing down into the open. And out of it. Reversals from Double Tops are often temporary, but the post-open influence of this pre-open setup required that reversal to be underway already by 9:45. It wasn”t.

In fact, the opening 15 minutes of volatility trended down throughout. This setup on expiration tends to set the session”s tone. And it extended down to touch the 2112.75 bias-down signal.

So, we”re on watch for this afternoon”s WedEX to invert bearish. Trending down through the bias environment”s exit would confirm. But…

The door remains open to recovering and rallying. The first 15 minutes did not probe any relevant support, and neither did its follow-through. Ample opportunity to trigger bias-down was ignored. RSIs diverged positively at the low. And the no-bias signal has put into play an offsetting test of the 2119.75 bias-up signal.

Back above 2116.00 would start signaling the open”s selling pressure was absorbed, and that fresh highs were in-play. Anything shallower would keep alive potential for inverting WedEX”s afternoon influence.