Post-open Review… Easy does it.

Surviving post-open fresh low isn’t yet out of the woods.

Simply rallying post-open wasn’t likely to be the product of strong-handed buyers. A more credible bottoming setup would put buyers to the test of rescuing the market from fresh post-open lows.

They got their chance. They still need another.

Not another lower low. The post-open drop from 2045.50 to 2036.75 was sufficient. And it did react up to 2048.00. But that was 3 ticks short of even touching this morning’s 2048.75 bias-down target, let alone recovering it to avoid renewing the bias-down signal.

So, evidence of a bottom still still needs backing-and-filling this morning, and then exiting the bias environment at 11:30 in rally mode. Backing-and-filling would target 2041.00 (being tested now), possibly also 2039.25. Testing either one should react up so upside momentum can meet 11:30 head-on.

Meanwhile, the door remains open to extending the decline. A fresh session low wouldn’t put buyers to another test, but fail them for the earlier one. Next lower objectives discussed during the pre-market Tour are 2032.50, 2021.00-2022.00 and 2009.00.