Post-open Review… Here’s your hat, what’s your hurry?

Shallow bounce resolves in fresh lows.

We’ve been tracking a potential topping pattern, and its final optimal condition is being challenged.

Rather than bounce throughout this morning, to whatever degree, the bias environment is probing lower and lower lows. In fact, the 1991.00 bias-down signal was renewed by exceeding the 1985.00 bias-down target through 10:15. Already 1979.00 has been tested. Twice.

Exiting the bias environment and entering the noon hour back above the bias-down parameters would undermine the topping. So would rallying this afternoon instead of declining.

Otherwise, while the impatience might reflect weak-handed sellers, the trend change may be affected only in its timing.