Post-open Review… Globex flipped.

Opening setup plays out quickly.

Probing the prior session’s high overnight, but exiting the open under the earlier Globex low, forms a Globex-flip setup. This morning’s open was greeted by a bounce from 2804.00 attacking the 2813.25 earlier Globex low to within 1 tick. Trending down 19 points since then has tested 2792.50.

Along the way, the 2803.00 bias-down signal triggered cleanly. Its 2795.00 bias-down target was being tested at 10:15 to avoid renewing the bias-down signal, but this is still a bias-down environment.

The Globex-flip’s influence should last through the morning. Otherwise, its influence should last through tomorrow morning. So, trending down this morning without recovering this afternoon would very likely trend down tomorrow morning, too.

Absorbing and reversing the bearish influence is possible whenever it has developed so quickly. Back above 2800.75 would target a corrective bounce up to 2807.00. Exiting the bias environment much higher could resume the bounce for its 2838.00 potential.