Post-open Review… Digging for dollars.

Lower and lower lows meeting target.

Overnight action had been contained within yesterday’s last-half hour range, and that didn’t change until the open. Literally, the open. The most recent bounce up to 2935.00 had been retraced to test yesterday’s 2928.50-2929.50 lows at the open, on the way down to 2919.25. Its reaction touched the 2927.75 bias-down signal as resistance.

And the bias-down signal’s resistance resisted. Pretty well. So well, that another fresh low has touched the 2914.25 renewed bias-down target.

At least 1-minute RSI diverged positively at the low, while 3-minute RSI made at least a higher low. So far, the bounce is testing the 2923.00, and back above 2924.50 would help to confirm that backing-and-filling has found its strong-handed sponsorship.

Regardless of a bottom, already recovering some relevant resistance coming out of the bias environment would be bullish. And because the opportunity is being pursued so aggressively, not actually entering the noon hour in recovery mode would be that much more bearish.