Post-open Review… Backing off of backing-and-filling.

Post-open surge collapses, for awhile.

An extended narrowing range had finally broken higher after Europe’s opens.It extended to 2729.50 but retraced back to the overnight range’s 2720.00 upper-end. The rally repeated into and out of the open, extending higher to 2733.25. That also reversed back down, this time to fresh lows at 2717.00.

Along the way, the 2728.50 bias-up signal held its test through 10:15, putting into play an offsetting test of the 2709.50 bias-down signal. A fresh post-10:15 low has helped to confirm.

None of which is preventing a bounce, currently attacking 2728.00. Almost any higher for almost any longer would start to signal fresh highs in-play.

Meanwhile, the 10-point bounce is more likely oversized for having dropped 16 points high-to-low, and 2726.75 resistance (being tested now) is likely to hold. Back under 2723.25 would start to signal the bounce was done, and the drop has resumed.