Post-open review,,, Isolating another bounce.

Failing to trigger the open”s recovery opportunity

Opening at or above 2118.00 was half the battle to isolating yet another probe under it. The other half of the battle was then to extend higher. The alternative would be very vulnerable to sliding sharply through the morning.

Indeed. The test of 2118.00 resistance reversed down and down and down. The 2110.00 bias-down target broke easily on the way to 2102.25.

Oversold 1-minute and 3-minute RSIs would doom to failure any bounce from here. But it doesn”t prevent a bounce. So long as a bounce didn”t recover 2108.50, a retest of Tuesday”s 2096.00 lows is now likely.