Post-open Review… Cornered.

Post-open action is stuck.

The overnight plunge to 2199.50 had recovered pre-open to test 2207.00. The open attacked overnight highs up to 2208.00. Gapping down did not extend lower, so sellers are not strong-handed.

Ultimately, the 2205.50 bias-down signal held its test through the 10:30 grace period, putting into play an offsetting test of the 2211.50. That was produced by a favorable knee-jerk reaction to an inflationary econ report. But 2205.50 was quickly retraced.

And then some.

Now a fre3sh post-o0pen low has touched 2203.00, trying to reverse momentum down. Its objective would be to retest the 2199.50 overnight low. Exiting the bias environment above its 2198.00 bias-down target would make the 2211.50 objective become “unfinished business above.”

Invalidating the late no-bias is unlikely at this late stage. But it’s possible, and would have potential down to 2187.50.