Post-open Review… Bearish context confirmed.

Bias-down, until disproved, which they’re trying.

This morning’s bias parameters have been updated HERE to reflect the Dec discount.

The pre-open 9-1/2 point slide to 2170.00 (basis Dec) had fulfilled the likely retest of yesterday’s 2170.50 low. Holding its retest through the open could have signaled that sellers were done. Testing it post-open down to 2169.25 did bounce, but not until after triggering the 2173.25 bias-down signal at 10:15.

So, this is a bias-down environment.

That didn’t prevent violating the 2171.50 bounce limit. And it didn’t prevent a surge up to 2176.25. But it’s too late for recovering the 2173.25 bias-down signal to be relevant. Invalidating bias-down must now recover the 2180.50 bias-up signal when the bias environment begins lapsing at 11:30.

Meanwhile, this is a bias-down environment.

We assume the surge to 2176.25 is only a temporary detour, a last gasp of buying. Back under 2172.75 would start to signal the bias-down remains influential. Otherwise, back above 2176.75 would target a test of the 2180.50 bias-up signal — and possibly also its recovery through 11:30 to invalidate the bias-down.