Post-open Review… A little too little.

Gap down holding, but not rejected.

Attacking 2317.00 to within 3 ticks overnight had bounced to test 2327.00. It was retraced into and out of the open to test 2318.00. Twice. The second test produced a bounce that recovered the overnight bounce.

That’s a wide range, and a lot of volatility within it, especially for being contained within the first half-hour. Which makes the second half-hour all the more glaring, for its 3-4 point ranging up to 2327.00.

Now the final hour is ending with a retest of 2328.00. It’s a little too little and a little too late to be a strong-handed recovery. Extending any higher would target 2331.00 up to 2335.50. Entering the noon hour any higher would start to suggest this downleg has ended.

Otherwise, an intraday retest of 2317.00 isn’t required but likely. And it’s probe down to 2311.00 isn’t yet likely, but becoming more so.