Post-open Review… Bottom-less support.

Still holding prior lows.

Last week’s last three sessions had chipped away repeatedly at the gap back to the prior Friday’s 2430.50 close. Once a new relative high was visited, i.e. yesterday’s open, there was no bullish reason ever to revisit 2430.50. Not for backing-and-filling, not for trapping shorts . refueling buyers, and not to resolve some unfinished business.

Yet, 2430.50 is trying to hold again. Testing it overnight could have been isolated by opening above yesterday’s lows, and testing it at the open could have been isolated, too. Neither test was isolated, and the 2433.00 bias-down signal has triggered late.

But a bounce is now filling the gap back up to yesterday’s 2436.25 cash session close. Doing that earlier, and now repeating its test would be bullish. This being the gap’s first test, resolving down remains possible. But not required.

Exiting the bias environment above its 2441.00 bias-up signal would invalidate the bias-down and target new highs. Otherwise, back under 2433.75 would resume the decline.