Post-open review… Bulls expiring.

Shallow blip-up into a post-open downtrend.

The pre-open pullback managed to touch 2117.75, which was yesterday afternoon”s bias-up target, and its last-minute high. All of that support mustered only a blip-up to 2120.50, stopping 1 tick short of my bias-up signal.

The balance of the opening 15 minutes trended down. So did the 45-minute bias timing window. Being expiration, this could signal a downtrend for the day. 

But the blip-up undermined that setup. And not actually touching the bias-up signal prevents actually targeting a test of the 2109.00 bias-down signal. There is room down to it, but no requirement to get there.

On another note, the late WedEX signal is much less vulnerable to inverting. Exiting the bias environment back above 2117.00 would further decrease that vulnerability.

Meanwhile, a fresh low at 2111.75 could end this morning”s selling. Under it could extend to 2109.00.