Post-open Review… Buyers blind-sided.

Gap up maintained, not extended, and not defended.

Opening at least 1 point above yesterday morning’s 2376.00 high was almost half the battle to trending up this morning. Maintaining the gap up through the open was a lot of it, too.

The missing link was to actually extend the gap up. But 2376.00 was still being tested when the opening 15 minutes of volatility lapsed. Which is not in itself bearish, but it certainly opens the door.

A very wide door, apparently. The 2374.00 bias-up signal was broken and not triggered. An offsetting test of the 2364.75 bias-down signal was put into play. And it was probed by 2 points at 10:30. Then by another 10 points a half-hour later.

The probe under 2364.75 was also overlapping 2364.75, or else it would have invalidated no-bias. So, is probing under 2364.75 “no-bias trending?” Yes, unless the bias environment exit at 11:30 is under the 2359.75 bias-down target, too.

That looks likely, with 2351.50 being tested now. While RSIs are oversold, and 3-minute RSI is persistently oversold. The next major objective below would be 2342.00.

Back above 2357.50 would instead trigger a bounce. Recovering 2359.75 through 11:30 would next be attracted back up to 2364.75, and potentially also to 2368.00.