Post-open Review… Couldn’t change its spots.

Open’s surge maintains the week’s pattern of failed bounces.

The 2030.50 low had recovered to greet the open at essentially the 2034.75 bias-down target. Post-open action surged to 2046.75. And never extended higher.

Instead, two dips tested the 2041.00 bias-down signal as support. The second test did poorly. Eventually.

Initially, the 2041.00 bias-down signal had held through 10:15 to trigger no-bias. But eventually, the 2041.00 bias-down signal gave way through 10:30. It was too late to trigger, and too late to invoke a grace period. The no-bias was simply invalidated.

Tuesday afternoon’s corrective bounce was retraced entirely Wednesday night’s rally into Thursday’s gap up also fell back to its interim lows. That pattern didn’t require repeating this morning, but it did require issuing a warning in the chaRTroom. And a sell signal triggered on its second attempt.

Now the open and bias-down target are being retested. They are natural support that might produce a bounce. Extending down to the 2030.00 objective has room for noise down to 2027.25.