Post-open Review… Once more into the fire pit.
Retesting lower prior highs that had already held.
Rallying this morning was at the very least dependent upon compartmentalizing any probe under yesterday’s 2059.50 post-open low.
The open tried to compartmentalize the pre-open probing under 2059.50. That failed thanks to a blip-down during the opening 15 minutes of volatility. This also failed being compartmentalized as 9:45 was still testing 2059.50 and not rejecting it.
The result was a plunge to 2053.50, and then lower to 2050.25.
2050.50 happens to be a relevant level. It was tested AT the 10:15 bias timing window, which at least compartmentalizes the sponsorship testing it. Its reaction tested the 2056.00 area.
So long as the 2050.25 low isn’t broken — so long as the 10:15 low is THE low — exiting the bias environment back above 2059.50 could compartmentalize the probing under it. That wouldn’t be optimal, but it’s probably today’s last bullish template.
