Post-open Review… Climbing back up the high-dive.

Gap down being corrected.

There’s no bullish reason to revisit 2767.00. Its test Friday morning launched the intraday rally. Returning to it now only means its rally has failed, and the next lower objective of 2756.00 is in-play. The open’s touch of 2767.00 did extend down to 2761.25, but quickly recovered back to the open.

Rather than resume, the decline has been retraced to test the 2775.00 origin if its last overnight downleg. This being a bias-down environment, its 2777.50 bias-down signal could be tested.

Bouncing back above 2767.00 began too late to be strong-handed sponsorship. But it’s unlikely to be rejected abruptly. Regardless, back under 2771.00 would start to signal momentum reversing down. Otherwise, recovering the bias-down signal could fill the gap back up to Friday’s close.