Post-open Review… Insurmountable.

Absorbing the open’s gap down isn’t succeeding.

Testing 2055.25 indicated one more lower low likely at 2054.00. The open’s bounce to 2060.00 resolved down to 2054.00 and reacted up. But not back up to 2060.00 before retracing entirely. The next reaction up got a little higher, but still not back up to 2060.00 before retracing to another fresh low at 2053.25.

The bullish scenario would have reacted up just once from a fresh post-open low. Dipping again could still recover if rejected without delay. But the third dip was overkill –no longer accumulative and getting too close to 10:15/10:30 for a bullish signal by then.

None of which is necessarily bearish. It might be bearish, or it’s just not immediately bullish. Lower lows aren’t required, but rallying now during the bias-down environment would be suspicious.

The renewed bias-down target at 2056.75 was being overlapped at 10:15 to avoid doubly renewing the bias-down signal. That’s also not necessarily bullish or bearish. But it does suggest that even the most bearish scenario would bounce first — even if only to higher prior lows at 2065.00 or 2070.00. That said, there’s no bullish reason for a fresh low under 2053.245