Post-open Review… Every which way but loose.

Incredibly choppy open finally resolves.

The overnight recovery from its early 2645.50 low made it back up to 2686.50 before the open. That was already slipping to greet the open at 2681.00. Collapsing through the open extended down to 2663.00. Then things got volatile.

How does a 30-minute, 23-point drop THEN get volatile? By bouncing back-and-forth within a narrowing 14-point range. By invoking the grace period at its 2674.00 bias-down signal. By confirming a late bias-down at fresh lows by 10:30.

Incredibly choppy. But ultimately down. And as tends to be the case with this pattern of polarized strong opinion fighting aggressively in either direction, no time has been wasted in extending to the objective. Late bias-down triggered at 10:30, its fresh low at the same time offered confirmation, and its 2651.00 bias-down target is met less than 25 minutes later.

The objective was probed to also test the overnight low, which itself is a test of 2645.50. Its test is producing a bounce of almost 14 points, violating the current bounce limit. Oversold RSIs at the low require its eventual retest. Resuming the decline would next target 2633.00, and potentially lead to 2509-2511.