Post-open Review… Can this one recover?

Post-open chop is back in the quicksand.

The 2159.00 open surged to touch 2161.50. Reacting back under 2159.00 signaled momentum reversing down. The reaction quickly extended to within 3 ticks of the 2153.25 bias-down signal.

And bounced. Back above 2158.00 signaled momentum reversing up. A retest of 2161.50 up to 2162.75  Its 2161.50 pullback limit was violated, and back under 2159.50 signaled momentum reversing down, again.

The initial 2154.00 low is being pierced. There’s no assurance of the 2153.25 bias-down signal holding if broken after the bias environment begins lapsing at 11:30. But probing under it before then should not be durable.

Back above 2156.50 would start to signal momentum reversing up. But it had better be very productive very quickly if valid.