Post-open Review… Down for the count.

Gap down triggers bias-down.

Opening at this morning’s 2181.25 bias-down signal immediately slid to 2177.00. An inflection point under 2179.00 was triggered along the way. But it wasn’t exceeded deeper than its first 3 minutes before reacting up to retest 2181.25 as resistance.

2181.25 was still being tested at 10:15 to invoke the grace period, but ultimately triggered late bias-down. The 2179.00 inflection point was tested and retested, not yet to new lows but attacking them.

The 2174.25 bias-down target is in-play. Last Wednesday’s gap back down to 2172.00 is probably in-play too, as gaps tend to be filled in pairs. Without printing a fresh post-open low, recovering 2182.50 as the bias environment lapses would invalidate the late bias-down.