Post-open Review… Get used to it.

Pre-open bounce finds post-open sellers. Eventually.

Opening at 2071.50 was already 4 points off the most recent pre-open low. But it was still far short of the 2077.75-2079.00 resistance described during the pre-market Tour as differentiating between temporary bounce or continuing the drop.

The opening 15 minutes of volatility came within 3 ticks of 2079.00 before peaking. Its reaction down finally got underway, and has made up for lost time by retracing all of the pre-open low down to 2067.00.

The plunge’s 2065.50 low can be retested, too, and probably by a wide margin. This is Tuesday of Thanksgiving week, and sellers can control it all. Back above 2072.75 would be the minimum requirement to even begin considering they’re done.