Post-open review… Double reset.

Another corrective bounce traps even more longs.

Yesterday afternoon”s corrective bounce to 2098.50 was intended to reset the decline, which had become mired in a messy range. And the decline”s resumption was intended to fulfill the afternoon”s 2088.75 bias-down target.

Rather than extend down overnight, yesterday afternoon”s high was retested pre-open. It wasn”t needed, but that reset the decline again.

So, the pre-market Tour”s strategy was to get short quickly. The shallow post-open bounce didn”t suggest otherwise, and soon 2088.75 was being tested. It is also this morning”s bias-down signal, and it ultimately triggered

Now this morning”s 2083.25 bias-down target has been touched. Oversold 1-minute and 3-minute RSIs at the low will require its eventual retest. But they were higher lows (technicals), and it was 10:30 (timing), at the target (pricing). Its reaction is already up 5 almost points.

Although the recovery could extend higher uninterrupted, I”m monitoring for a pullback to test 2085.00-2086.25 (being tested now).

This is the same template that could have greeted the open in recovery mode after satisfying unfinished business below overnight. Exiting the bias environment at 11:30 back above its 2088.75 bias-down signal would indicate the selling was likely done, and above 2092.25 that buyers had retaken control.