Post-open Review… Extreme sentiment got extremer.

Post-open recovery stops short.

Of two bullish paths, one was disqualified by the pre-open bounce to 2045.50. It required at least attacking the 2041.50 bias-down target, if not actually retesting it.

The post-open dip did retest it, and recovered to within 1 tick of the 2047.00 bias-down signal. Resisting its approach was expected, and so was the potential for its reaction down not holding corrective limits.

Corrective pullback limits didn’t hold. The reaction down extended through the 2040.25 overnight low to 2037.75. The 2041.50 bias-down target’s break through 10:15 renewed the bias-down signal.

RSIs diverged positively at the low, enabling a 3-point bounce. It has room up to 2041.75 or 2043.25 before suggesting an actual recovery underway. Meanwhile, back under 2038.75 would start to signal the drop was extending to 2034.25 and potentially 2032.00.