Post-open Review… Limited attraction.

Opening surge falls flat.

The overnight dip to 2461.50 from2467.00 had recovered entirely before the open. The open blipped-up to touch 2469.00, and then reacted down 4 points. The ultimate resolution to that test at 9:45 would make the 2465.50 bias-up signal more or less likely to trigger at 10:15. But another bounce touched 2469.00 at 10:15.

Buyers had a chance to test 2465.50 from a position of strength. Not for lack of trying, the chance wasn’t exploited. Neither was it rejected, but retesting 2469.00 reacted down to test 2465.50.

That also resolved down. The grace period was invoked, but late bias-down has triggered and 2462.00 was just touched. Testing and recovering from a retest of yesterday’s lows and this morning’s 2458.50 bias-down target could satisfy sellers for the balance of the day to recover.

Meanwhile, just retesting yesterday’s lows need not recover. It’s not timely, so it’s not optimal, but it’s still credible for duplicating yesterday’s plunge.