Post-open Review… Holding lower.

REMINDER: I’M UNAVAILABLE BY NOON. PM BIAS PARAMETERS SHOULD BE AVAILABLE, BUT NO OTHER UPDATES UNTIL THIS EVENING…

Rallying off of the 2767.25 overnight low gained 20 points at the pre-open high. It was retested post-open, but never exceeded to signal momentum reversing up. Reversing back down triggered this morning’s 2780.25 bias-down signal and extended to 2772.00, but was still overlapping the 2775.25 bias-down target at 10:15 to avoid renewing the bias-down signal.

It’s still a bias-down environment. Which fresh lows at 2769.50 after 10:15 are confirming.

It’s still a bias-down environment. So, the decline can still extend to what would have essentially been its renewed bias-down target at 2763.00. But the lower target isn’t in-play, and the entire session’s lower volume undermines any other usual reliability.

Meanwhile, RSIs aren’t deteriorating, which is also undermining the decline’s reliability. Selling pressure isn’t increasing, so back above 2778.00 — and recovering the 2780.25 bias-down signal when the bias environment begins lapsing — would point higher through the afternoon.