Post-open Review… Ill-fated bounce, again.

Post-open dip tries recovering too little, too late.

The pre-open dip to 2020.75 was itself probed post-open down to 2019.25. Yesterday morning’s 2023.00-2023.00 lows held as resistance through the opening 15 minutes of volatility.

Rather than extend down, a bounce has attacked 2027.00. Still overlapping the 2024.50 bias-down signal at both 10:15 and 10:30 has triggered noN-bias — not a bias-down, and not a no-bias, so there is no requirement to fulfill any bias parameter.

The pattern is similar to yesterday. Not the formation, which is clearly different. But the template of remaining under a relevant level through a relevant timing window, and then trying to recover.

Like the rally from yesterday’s lows, this morning’s recovery attempt should be retraced entirely. Unlike yesterday’s rally — so long as the bias environment isn’t exited above 2027.25 — the failure should not be so delayed. The initial attraction below is 2020.75, and then essentially 2009.00.