Post-open Review… Choppy range.

Fresh pullback low holds yesterday’s range.

The 2122.50 immediately extended down to touch yesterday’s late 2119.25 low. Its reaction up to 2124.25 was retraced entirely. The next reaction up has extended to attack yesterday’s cash session close at 2126.50.

But meanwhile the 2123.50 bias-down signal triggered at 10:15. It triggered cleanly. Bouncing to touch it at 10:30 did not actually recover it, so it is not invalidated. One more opportunity to invalidate it would recover the 2132.50 bias-up signal at 11:30. But that’s unlikely since yesterday afternoon’s buyers didn’t gain traction, which wasn’t invalidated by the open gapping up.

None of which prevents filling the gap back up to yesterday’s 2129.00 futures close. Or actually testing the 2132.50 bias-up signal. Otherwise, exiting the bias environment at 11:30 back under 2122.75 and 2121.25 would trigger a drop to fresh session lows. The 2118.25 bias-down target’s test would likely be probed down to 2113.50.