Post-open Review… And down. And done?

Uptrending support breaks. Hard.

Opening unchanged at 2359.25 had ranged 2358.00-2361.75 through the open, surrounded by econ reports. But that only inhibited a resolution. Fresh lows after the first half-hour also broke the uptrending pivotal support I described during the Tour.

This morning’s 2357.75 bias-down signal triggered cleanly on the way down to 2352.75. Bouncing only touched the bias-down signal, which doesn’t suffice for invalidating a cleanly triggered signal. Shorting there, with a SAR above 2359.00, was soon probing back under its 2355.00 inflection point.

And already, the 2350.50 bias-down target has been met. And also probed. A lot. The 2348.75 connector of the uptrending pivotal support is being probed. A lot. RSIs are oversold.

Having tested 2348.75, entering the noon hour back above 2350.50 would suggest the selling has ended. Not recovering 2348.75 would next target the “unfinished business below” at 2348.25 still outstanding from last week.

Already breaking lower to 2343.50 makes the 2342.25 unfinished business likelier. Which had better hold its test, because the 2321.00 attraction below it could be probed by 10 points.