Post-open review… Blip blapped.

Pre-open rally effort rejected by drop under overnight lows.

The opening 15 minutes of volatility trended down. That”s not predictive on any day other than expiration. And it predicts a downtrending session. It can be invalidated by exiting the bias environment at 11:30 back above the 2111.00 opening print.

Not invalidating the open would undermine the afternoon”s bullish WedEX. The two cannot coexist. Invalidating the bearish open would reinforce a bullish afternoon.

Meanwhile, this is a late no-bias environment. The bias-down signal was still being overlapped at 10:15, and avoided triggering by fewer than 3 ticks at 10:30. That”s not entirely reliable for targeting an offsetting test of the 2116.25 bias-up signal.

This being a late no-bias, an interim dip to fresh lows cannot be precluded, especially not before probing fresh post-open highs above 2110.75-2111.50.