Post-open Review… Holding the void.

Flat open fails to exploit pre-open recovery.

The overnight drop ultimately touched 2917.50 before recovering to open at 2928.00. And that soon extended to touch the 2930.75 earlier Globex high through the opening 15 minutes of volatility. Its recovery would have formed a bullish Globex-Flip, but the setup was attempted too late to be relevant.

Meanwhile, the 2928.00-2929.50 range’s resistance wasn’t entirely recovered. What had been “lower prior highs” from above, is now resistance from below. Yesterday’s close within its range at least prevented the intraday drop from reversing the trend back down. But the open didn’t recover it.

The 2925.25 bias-down signal avoided triggering at 10:15. It also avoided being touched by then, so  no offsetting test of its bias-up signal is required. However, probing under it after 10:30 is “no-bias trending” that requires being retraced.

In fact, probing under 2925.25 to 2924.00 has snapped back up to fresh post open highs attacking 2932.00. The price action is more evidence that sellers lack sponsorship — at least the pattern remains vulnerable to recovering.

But another failed recovery attempt would make fresh lows likelier. And fresh lows would threaten yesterday’s 2922.50 low, undermining the open’s Isolation setup, and the potential bottom.