Post-open Review… Bias delayed is NOT bias denied.

Making up for 2-1/2 days without trending.

Recovering into the open had tested and retested 2745.00. Post-open action was all about resuming the decline. Having formed a Rising Wedge off of the 2733.00 overnight low, retracing it entirely during the opening 15 minutes of volatility at 9:45 could have ended selling pressure. Not even attacking 2373.00 during the open would have allowed a bottom to form at 2735.00.

The open didn’t quite get to 2733.00, and a later test of 2735.00 didn’t quite hold. Rejecting the relentless overnight selling wasn’t likely. Already, the next lower objective at 2726.00-2727.00 is being tested.

Oversold RSIs at the low will require its retest if a bounce were to develop before RSIs could leave oversold territory. There’s no requirement to drop any further today, but that’s the vulnerability until a bottoming pattern were to form, or unless the noon hour is entered or exited above at least 2735.00.