Post-open Review… Coloring back within the lines.

No-bias trending retraced. More consequences on tap?

Gapping open at 2047.00 bounced once to 2050.00 and then to 2051.00. And then their 2045.50 interim low broke lower to and through 2044.50.

2044.50 is this morning’s bias-down target. Probing under it was too late to renew the bias-down signal. This is still a bias-down environment, capable of extending down, and already testing 2041.25.

2044.50 is also “unfinished business below” from yesterday. Its retracement was required, and could include a visit to 2039.00. We’ll expect its test so long as 2044.50 holds as resistance.

Back above 2046.50 would start to suggest this morning’s dip had run its course. Otherwise, the trend remains down.