Post-open Review… Delayed instant gratification.

Post-open follow-through is rejected.

The open was greeted by a bounce off of the ~2176.00 overnight low’s retest. But the 2178.00 open reacted down immediately to fresh lows testing 2173.75 support.

Support held. Not without multiple attempts to break lower. And not without the opening 15 minutes still testing Friday afternoon’s ~2176.00 low.

Extending down wasn’t likely. Having gapped down to Friday afternoon’s low, extending down would have formed a “session-long decline.” This setup isn’t often credible when it overlaps a weekend. Also, there’s a confirmed bullish WedEX already in-play. While it doesn’t influence the open, it should selfishly control price action beyond it.

Now another bullish condition is triggered. Having held a test of the 2176.00 bias-down signal through the bias timing window, an offsetting test of the 2185.00 bias-up signal is in-play. That’s effectively a retest of the overnight high, and of the recent range’s upper-end.

And it’s on the way to retesting last Monday’s new highs. Which continues to be the likely resolution, especially so long as this afternoon doesn’t retrace much of this morning’s recovery.