Post-open Review… That was so last week.

Pre-open dip setting the day’s tone.

The overnight slide eventually fell to 2736.50, but the open was greeted back above 2739.00. Rejecting 2739.00 through the open could have marginalized buyers and pointed down. But the open fluctuated around 2739.00, widely, and without resolving in either direction.

Recovering 2742.50 could have marginalized sellers and pointed back up. But the open’s fluctuation developed entirely below 2742.50 so sellers aren’t marginalized either.

Not recovering 2742.50 does make the morning likelier to remain under pressure, or to absorb bounces, regardless of whether price also trends down. Back above 2742.50 would start to signal that sellers are done, but still not have any upside requirement.