Post-open Review… Early to rise gets worms.

Yet another post-open surge gets slammed.

Only one template at this stage of the pattern would have aligned with rallying through the morning. That required trending up without hesitation from the open.

Meanwhile, a bearish template also would have aligned with trending up at the open. It was simply a version of the path to lower lows being slower. Their difference would be in maintaining the early gain, or not.

Not.

The 2065.25 opening print spent the entire first 15 minutes of volatility trending up relentlessly to 2072.75. That retested overnight highs. Price action since then has trended back down.

The 2068.25 bias-down signal triggered, and its 2062.50 bias-down target has been met already, on the way down to 2058.75.

Another bullish template would have isolated the probe of negative territory to the overnight window by opening in positive territory before surging. That template is reset now that overnight lows have been retested intraday, and exiting the bias environment above the open’s 2072.75 high would be bullish. Otherwise, the trend remains down.