Post-open Review… Late bloomer.

More hovering post-open finally capitulates.

Yesterday afternoon’s narrow ranging had become likely to resolve down. The shallow overnight gain in sympathy to AAPL’s earnings reaction wasn’t greeted any more enthusiastically post-open. Hovering soon became dipping, and dipping has become collapse.

Yesterday afternoon’s 2471.75 sell signal that never triggered was supportive when touched during the first half-hour. Its 3-point bounce’s failure didn’t find support until testing the 2468.75 bias-down signal. And then only briefly as the reaction has extended down to 2466.00.

The bias-down signal wasn’t even touched by 10:15, triggering no-bias. But probing under it is NOT “no-bias trending,” because the probe originated before 10:30 and was maintained. This morning is an “invalidated no-bias” environment. The bias-down signal is NOT required to define the window’s lower-end.

1-minute RSI just diverged positively on a retest of the low, while 3-minute RSI left oversold territory. It’s not a buy signal, but vulnerable to a bounce. And it comes 1 tick short of being within 3 ticks of yesterday morning’s 2465.00 objective, which would have neutralized its “unfinished business below.” The burden of proof is still on buyers.