Post-open Review… Delayed effect.

Thursday’s break resumes after Friday’s detour.

The pre-open bounce from 2739.25 reached 2747.75, greeting the open at 2744.50. A blip-up touched the 2746.25 bias-down target and reversed down hard. How hard? A sell signal triggered under 2744.00 that extended through the opening 15 minutes of volatility down to 2734.50.

Even then, the next lower objective was 2732.00. It was probed down to 2730.50 5 minutes later. Its brief reaction soon collapsed to attack the next lower objective at 2721.00-2722.00 down to 2720.00.

Persistently oversold 3-minute RSI was very convincing to expect the drop to extend. Still oversold, a series of higher lows added credibility to a bounce limit violation, and to a buy signal above 2725.00. Now the buy signal’s 2730.50 target has been met — and probed up to 2732.00.

RSIs just stopped improving into the bounce back to resistance. Still, Nothing requires resuming the decline soon, but any violated pullback limit could be the trigger.