Post-open Review… Catching their drift.

Pre-open pullback extends post-open.

The overnight rally extended to test and retest 2735.50, while RSIs diverged negatively. Its reaction greeted the open at 2729.75. Buyers needed to retake control immediately if they were going to retake control at all this morning. They didn’t, and the pre-open reaction down extended through the first hour to test 2723.00.

Now 2721.50 is being touched.

This is still a bias-up environment, with room down to its 2718.00 bias-up signal that should define the window’s lower-end if tested. When the window comes withing view of lapsing 10-15 minutes before 11:30, the 2718.00 bias-up signal would then be free to break lower.

Back above 2729.00 would start to signal the morning’s drop was contained, and momentum was reversing up. Otherwise, except for obligatory support at the gap back down to 2712.00-2714.00, there is minimal support on the way down to the range’s lower-end.