Post-open Review… Fresh lows.

Opening surge snaps back down, hard.

The pre-open test of this morning’s 2687.00 bias-down target became a Double Bottom whose RSIs diverged positively. Bouncing before the open pulled back to extend even higher post-open, surging to resistance at 2697.00.

Gapping down under yesterday afternoon’s 2687.00 bias environment low could have formed a bearish session long decline. It wasn’t even tested at the open, so the alternative isn’t necessarily bullish. In fact, the post-open surge was retraced to probe 2 points under yesterday’s lows down to 2683.25.

The post-open surge held a test of the 2695.00 bias-down signal, and the 10:15 bias window was overlapping its 2687.00 bias-down target. Bias-down is not renewed, but this is still a bias-down environment. Extending any lower would next target 2682.-2683.00, and there’s no bullish reason to revisit it now.

Meanwhile, another bounce is now testing the 2688.00-2690.00 range’s upper-end. Back under 2684.50 would signal the decline is resuming. A bigger bounce might form, but I’ll be focused on the downside since early sellers were a little too easily absorbed to be confident they’ve been expended.