Post-open Review… Getting it over with.

Open’s slide starts satisfying a lot of sellers.

The overnight drop to 2416.00 had formed a Symmetrical Triangle with temporary bounce potential up to 2421.25-2421.50. A pre-open bounce did test it by 2 ticks, and then by a third tick post-open. Then price collapsed for a half-hour.

Recovering 2421.50 through the opening 15 minutes of volatility would have been likely also to recover the 2419.00 bias-down target through the bias timing window. But 2421.50 held its test through 9:45, and 2419.00 broke lower through 10:15. The bias-down signal was renewed, next targeting 2411.00.

And 2411.00 was tested at the collapse’s low, pierced by 3 errant ticks while both 1-minute and 3-minute RSIs became oversold.

That’s the predictable, and potentially the morning’s low. Bounce potential up to 2417.25 would retrace the open’s Running Correction to its upper-quadrant. Any higher would target fresh post-open highs at 2423.50.

Potential to fresh lows at 2399.00 and possibly 2393.00 depend largely on resuming the decline today. Meanwhile, 2311.00 would suffice as the 2-1/2 week old pullback’s low — which would be more reliable if the low’s oversold RSIs were first retested. Otherwise, any lower would suggest the lower objectives are in-play.